Spin Master Corp. has announced its financial results for the second quarter and six months ended June 30. Subsequent to the end of the second quarter, the company completed its initial public offering of approximately 12.2 million subordinate voting shares for total gross proceeds of approximately C$220 million. The comparative financial results reflect Spin Master as a private company, prepared to conform to the company’s go-forward financial reporting standards as a public company.
This past Thursday, Spin Master Corp. completed its public offering of 12,225,000 subordinate voting shares at a price of C$18.00 per subordinate voting share. The offering raised total gross proceeds of C$220,050,000. The subordinate voting shares will commence trading today on the Toronto Stock Exchange under the symbol TOY.
Pet ownership is a rite of passage for many children (and families), but it can also be a real hassle. After all, the vast majority of pets must be fed, cleaned up after, groomed, etc. They require constant care and semi-regular attentiveness, in other words, and that can be a real challenge for young ones (and some adults, too), who may not be used to that level of responsibility.
Today, Spin Master Corp. entered into an underwriting agreement for its initial public offering of 12,225,000 subordinate voting shares at a price of C$18.00 per subordinate voting share for aggregate gross proceeds of C$220,050,000. Spin Master filed a supplemented post-receipt pricing prospectus dated July 22, 2015, in respect of the offering with the securities regulatory authorities in each of the provinces of Canada.
Roughly a week after its launch, Little Charmers: Sparkle Up has taken the No. 1 spot for downloaded iPad apps in the App Store on iTunes across the U.S. and Canada. The first app for the Little Charmers brand, Little Charmers: Sparkle Up is a free download for tablets and smartphones that will be available on Amazon and Google Play this month. So far, it has garnered more than 100,000 downloads in the U.S. and Canada.
Spin Master and DreamWorks Animation have entered into an exclusive licensing relationship, in which Spin Master will serve as the master toy licensee for the relaunch of the iconic preschool franchise, Noddy. Alongside the all-new TV series, Noddy, Toyland Detective, a wide range of toys including figures, playsets, vehicles, games, and more are slated to hit shelves in fall 2016.
by Reyne Rice, trend hunter, toy trend expert, industry analyst, and consultant
Smart tech for kids is no longer buzzword lingo. It has become a reality and has grown to encompass so much more than just technology added to toys to make them interesting or “tech-y.” Today, kids’ technology-enhanced products offer engaging and explorative play patterns that span a wide spectrum of categories. And while there are new technologies being used in these toys, the thrill is in the play experience, not in the technology itself. New technology enhances and extends play patterns way beyond how kids were playing in past decades. Plus, parents, older siblings, caregivers, and educators are all using new technology that companies are translating into toys and tech products for kids’ worldwide.