Licensed collectables company open to ‘multiple paths’ according to Seattle Times.
Funko – the licensed collectables company – is readying itself for a possible IPO or sale.
According to the Seattle Times, ceo Brian Mariotti said that the company hoped to be ready for an IPO in 2017 or for a sale to a “strategic partner”, although he apparently said that Funko was open to multiple paths.
Funko expected its sales to come in at around $425 million for 2016, up from $274 million in 2015, $107 million in 2014, and $40 million in 2013, with Mariotti describing it as “highly profitable,” said website ICv2, reporting on the news.
Funko’s successful licensed line-up includes Star Wars, Disney, Marvel, The Walking Dead, Doctor Who, Harry Potter, DC Comics and Game of Thrones among others.
Underground Toys distributes many of the Funko lines in the UK marketplace.
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