
Naver's Webtoon Entertainment, an online comics platform, has announced plans for an initial public offering (IPO) in the United States, targeting a valuation of up to $2.67 billion. The company aims to raise up to $315 million by offering 15 million shares priced between $18 and $21 each. Webtoon, which boasts 170 million monthly active users and generates approximately $1.2 billion in revenue, has launched its IPO roadshow. BlackRock has shown support for the IPO. The move follows Naver's accelerated plans for Webtoon's market debut earlier this year.
BlackRock backs IPO from online comics company Webtoon Entertainment https://t.co/VG4rPrvWvf
I'm meeting with Webtoon $WBTN management on Thursday as part of their IPO roadshow. Online platform for digital comics. I'm a fan of platform businesses with network effects (content, creator, user flywheel), but am new to the comic space. Seems like a loyal and engaged user…
Meteoric rise of South Korea’s webtoons powers Nasdaq IPO https://t.co/Rjr4UeFU88






