TORONTO - Shares of Spin Master Corp. (TSX:TOY) moved higher on Thursday as 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 31 cents higher on the Toronto Stock Exchange near midday.
Earlier in the session, Spin Master shares briefly went as high as $18.64.
Spin Master manufactures a range of toys including Bakugan Battle Brawlers and board games like Moustache Smash and Shark Mania.
It employs more than 850 people around the world.
The company has been on an acquisition tear in recent months and raised $220 million through the IPO.
