Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Webtoon Entertainment, a prominent South Korean webcomic platform, has successfully debuted on Nasdaq. The company, valued at $2.7 billion, has become the latest Korean cultural export to achieve significant success in the U.S. market. Founded in 2005, Webtoon has grown into a global storytelling platform with 170 million monthly active users, generating $1.3 billion in annual revenue across over 150 countries. The platform hosts 24 million creators who produce innovative content. Shares of Webtoon closed up nearly 10% on their first day of trading, following an IPO priced at the top of the proposed range. Webtoon, which is NasdaqListed and No.2 in Japan, aims to expand its influence by becoming a major IP provider for Hollywood.
Story: Yesterday was a big day for webcomics and Webtoon, the company that pioneered and popularized the format as it launched its IPO on Nasdaq. The company wants to become a major IP provider for Hollywood. https://t.co/ozNzlEGvp8
💥From revolutionizing storytelling to democratizing content creation: WEBTOON (@webtoonofficial) has pioneered a cultural movement.💡 🇰🇷 Founded in Korea, $WBTN is a global storytelling platform where Creators craft immersive visual narratives, develop compelling characters,… https://t.co/BTWASDpSdX
I usually don't say much about things other than biotech, but $WBTN has IPOed today and it's a terrific platform for those who like manhwa/mangas. It's a dominant cartoon platform in S. Korea and is No.2 in Japan.
