Reported 11 months ago
Shares of Naver-backed Webtoon Entertainment rose 14.3% above their IPO price on Nasdaq debut, with an opening valuation of $2.71 billion. The company, which raised $315 million, is a storytelling platform offering thousands of stories in various genres. Webtoon has gained global popularity, with successful adaptations of its webtoons into dramas and movies on platforms like Netflix and Amazon Prime Video.
Source: YAHOO