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Cheap smell of vinyl

3 November 2017 By Robert Cyran

Goldman Sachs, JPMorgan and BofA presided over a 41 pct drop in pop-culture dollmaker Funko’s shares, the worst first-day showing in 17 years. Pharma firm Allena fell 29 pct. Faddish, highly leveraged and speculative firms can find a buyer – if bankers price them right first.

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