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Webtoon Entertainment, a global storytelling platform owned by South Korea's Naver, has filed for a US IPO under the ticker $WBTN. The LA-based online comics platform aims to raise up to $500 million, with a projected valuation between $3 billion and $4 billion. Webtoon has revealed significant revenue growth and profitability in its IPO filing. Naver accelerated plans for Webtoon's market debut earlier this year. The S-1 filing is available for review.
LA-based Webtoon, owned by South Korea's Naver, files for a US IPO; sources: the online comics platform could seek to raise up to $500M at a $3B-$4B valuation (@mikehytha / Bloomberg) https://t.co/9iZwdacNKi 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/baFE2Nu35D
Online comics platform Webtoon reveals revenue growth, profitability in US IPO filing https://t.co/hITu2Etp47 https://t.co/s8UQF6QRwt
LA-based Webtoon, owned by South Korea's Naver, files for a US IPO; sources: the online comics platform could seek to raise up to $500M at a $3B-$4B valuation (@mikehytha / Bloomberg) https://t.co/28WxMwiyrH https://t.co/NFu2RF6VEI