2015 was a momentous year for Spin Master. Founded in 1994, Spin Master has grown from a startup to become a global competitor in the children’s entertainment industry. We completed an Initial Public Offering on the Toronto Stock Exchange on July 30, 2015, selling approximately 14.1 million Subordinate Voting Shares for total gross proceeds of approximately C$253.1 million. The shares trade under the symbol TOY.
The decision to take Spin Master public followed a comprehensive review of the children’s entertainment industry and our operations, financial strength and growth prospects. Through that process, we recognized that access to public capital markets would provide us with the opportunity to accelerate growth by leveraging, and further developing, the strong global platform that we have established.