Funko's (FNKO) first day of trading may not be a reflection on its future.
Shares of the collectible toy maker fell nearly 40% on their first day of trading on the Nasdaq Thursday. CEO Brian Mariotti told TheStreet investors may not have fully got the company's story during the roadshow.
"It takes a while for people to get how mainstream pop culture is," Mariotti said.
They could be missing an opportunity.