Funko, founded as a bobblehead maker in a Snohomish home in 1998, is best known for its whimsical Pop! series of big-eyed, square faced vinyl figurines.
Funko plans to take the company public, the Everett toymaker said in a filing with securities regulators Friday.
The company has pegged its initial public offering at $100 million, though that’s just a placeholder and will likely change.
Best known for its whimsical Pop! series of big-eyed, square-faced vinyl figurines, the company was founded as a bobblehead maker in a Snohomish home in 1998.
Revenue (2016): $426 million
Net Income: $26.8 million
Funko has been growing quickly along with demand for pop-culture collectibles. The company licenses the rights to characters from companies such as Disney, HBO and Warner Bros., and sells them through retailers including Hot Topic, Target and Amazon.
Sales in 2016 totaled $426 million, up from $274 million a year earlier and $107 million in 2014.
The company has also been stocking up on debt, borrowing in part to finance its own sale from one private equity firm to another, and subsequent borrowings to pay its owners special dividends that totaled $98 million.
Funko owed creditors $339 million at the end of June, up from $217 million in December and $169 million a year earlier.
Interest payments swallowed $17 million of Funko’s operating income last year, leaving net income of $26.8 million.
The company employed 339 people in the U.S. and 126 in Britain after the acquisition of London-based Underground Toys earlier this year.
Funko’s products are contract-manufactured by companies primarily in China, Vietnam and Mexico.
The company hopes to take its products global, noting that though three quarters of global box-office receipts come from outside the U.S., international markets accounted for just 19 percent of Funko’s sales last year.
CEO Brian Mariottibought Funko from founder Mike Becker in 2005, and sold it to private equity firm Fundamental Capital in 2013.
The company changed hands again in 2015 with the sale of a controlling stake to Acon Investments, another private equity firm.