Renaissance Capital logo

WEBTOON Entertainment Priced, Nasdaq: WBTN

Leading global online cartoon platform carved out of South Korea's NAVER.

Industry: Communication Services

Latest Trade: $20.39 0.00 (0.0%)

First Day Return: +9.5%

Return from IPO: -2.9%

Industry: Communication Services

WEBTOON is a global storytelling platform where a vibrant community of creators and users discover, create and share new content. We have pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication. WEBTOON empowers creators by enabling them to participate economically in their own creation, and users, by offering an endless library of content. Our community connects 24 million creators with approximately 170 million monthly active users in over 150 countries around the world. Our founder, Junkoo Kim, started WEBTOON in 2005 while he was working as a search engineer at NAVER, the largest internet company in Korea. Junkoo was a lifelong lover of comics and their rich and vibrant worlds and diverse characters. He wanted to create a platform that empowered creators to share stories and for fans, like himself, to discover this unique content. Instead of a traditional storytelling format, confined to a page or screen, he pioneered something different. Through serialized releases of bite-sized episodes available online, he created a format that was not only easily accessible and highly engaging for fans, but also easier for creators to create and share with a wide audience. WEBTOON initially focused almost entirely on seeding differentiated content and fostering user engagement until we began our Paid Content business model in 2012 and then began operating as an independent unit within NAVER in 2017.
more less
IPO Data
IPO File Date 05/31/2024
Offer Price $21.00
Price Range $18.00 - $21.00
Offer Shares (mm) 15.0
Deal Size ($mm) $315
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/26/2024
Offer Price $21.00
Price Range $18.00 - $21.00
Offer Shares (mm) 15.0
Deal Size ($mm) $315
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Morgan Stanley
more
Company Data
Headquarters Los Angeles, CA, United States
Founded 2005
Employees 1,854
Website about.webtoon.com

WEBTOON Entertainment (WBTN) Performance