Spin Master Corp shares rise in first day as a public company

Anton Rabie, Co-Founder & Co-CEO & Ronnen Harary, Director & Co-CEO, Spin Master Corp (TOY) joined Lou Eccleston, CEO, TMX Group to open the market.

Shares of Spin Master Corp. moved higher on Thursday because the toymaker behind Zoomer robot dogs and remote-controlled Air Hogs debuted as a public company.

The Toronto-based firm, which made its initial public offering at $18 per share, traded 28 cents higher around the Toronto Stock market in the afternoon.

Earlier in the session, Spin Master shares briefly went as high as $18.64. Shares closed at $18.25 on Thursday.

Spin Master manufactures a range of toys including Bakugan Battle Brawlers and board games like Moustache Smash and Shark Mania.