You will be redirected back to your article in seconds

Zinkia rights issue hit by downturn

Company drops share price to attract investors

MADRID — Spanish toon house Zinkia Entertainment is launching today a rights issue offer worth E7 million ($9.8 million) for 15% of its capital on Spain’s MAB Alternative Stock Market for Growth Companies.

The creator of preschool hit toon “Pocoyo” is offering 3.66 million shares at $2.68 each, valuing Zinkia at $65.6 million. The share price is below the range originally set for the operation — between $3.70 and $5.70.

The Madrid-based company had hoped to launch both an initial public offering and a rights issue. Zinkia cancelled the IPO due to lack of demand.

Smash hit “Pocoyo,” the most successful Spanish toon series this decade, generates more than 80% of Zinkia’s revenue. Company’s growth will come from brand merchandising and licensing, not straight TV deals.

Zinkia aims to attract coin to finance consolidation abroad, especially in Asia, and to develop new projects such as a “Pocoyo” 3-D movie.

More TV

  • EuropaCorp Sells French TV Production Unit

    Luc Besson's EuropaCorp Sells French TV Production Unit for $13 Million

    MADRID — Spanish toon house Zinkia Entertainment is launching today a rights issue offer worth E7 million ($9.8 million) for 15% of its capital on Spain’s MAB Alternative Stock Market for Growth Companies. The creator of preschool hit toon “Pocoyo” is offering 3.66 million shares at $2.68 each, valuing Zinkia at $65.6 million. The share […]

  • 'Saturday Night Live' Spies on Meeting

    'Saturday Night Live' Spies on a Meeting Between Donald Trump Jr and Julian Assange (Watch)

    MADRID — Spanish toon house Zinkia Entertainment is launching today a rights issue offer worth E7 million ($9.8 million) for 15% of its capital on Spain’s MAB Alternative Stock Market for Growth Companies. The creator of preschool hit toon “Pocoyo” is offering 3.66 million shares at $2.68 each, valuing Zinkia at $65.6 million. The share […]

  • Lena Dunham

    Lena Dunham Apologizes for Defending 'Girls' Writer Accused of Sexual Assault

    MADRID — Spanish toon house Zinkia Entertainment is launching today a rights issue offer worth E7 million ($9.8 million) for 15% of its capital on Spain’s MAB Alternative Stock Market for Growth Companies. The creator of preschool hit toon “Pocoyo” is offering 3.66 million shares at $2.68 each, valuing Zinkia at $65.6 million. The share […]

  • David Cassidy'Once In A Lifetime' concert

    David Cassidy Hospitalized With Organ Failure

    MADRID — Spanish toon house Zinkia Entertainment is launching today a rights issue offer worth E7 million ($9.8 million) for 15% of its capital on Spain’s MAB Alternative Stock Market for Growth Companies. The creator of preschool hit toon “Pocoyo” is offering 3.66 million shares at $2.68 each, valuing Zinkia at $65.6 million. The share […]

More From Our Brands

Access exclusive content