Submit a Securities Registration Statement for Naver Webtoon on the NASDAQ.

Estimated company value of 3 billion to 4 billion dollars, ‘Naver Webtoon has officially started the process of listing on the Nasdaq market.’,
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, ‘The headquarters of Naver Webtoon, ‘Webtoon Entertainment’, submitted a securities registration statement for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC) on March 31. The stock code for listing is ‘WBTN’. Goldman Sachs, Morgan Stanley, JP Morgan, and Evercore are the underwriters.’,
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, ‘In the industry, the company value of Webtoon Entertainment is estimated to be between 3 billion and 4 billion dollars (approximately 41.55 trillion to 55.4 trillion won). Analysts predict that Naver Webtoon could raise up to 500 million dollars (approximately 700 billion won) through this listing.’,
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, ‘Naver holds 71.2% of the shares of Webtoon Entertainment as the largest shareholder. Line Yahoo (LY Corporation) holds 28.7% of the shares. According to the registration statement, Naver stated that it will secure common stock voting rights significant enough to vote for the appointment of directors for Webtoon Entertainment after the listing. Line Yahoo will also acquire related shares. However, in the “Risk Factors” section of this registration statement, it mentioned, “If the relationship between ourselves or Naver and Line Yahoo deteriorates, it may affect the services provided.”‘,
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, ‘Webtoon Entertainment explained in the securities registration statement that it has secured approximately 24 million creators from 150 countries worldwide and 170 million monthly active users (MAU). The company’s revenue last year was 1.28 billion dollars (approximately 177 billion won). During the same period, it recorded a net loss of 145 million dollars (approximately 200.5 billion won).’,
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