“Goal for the biggest hit IP in 10 years…expanding global business opportunities”,
Kim Jungu, CEO of Naver Webtoon. (Provided by Naver Webtoon),
,
, ‘(Seoul=News1) Reporter Kim Minseok = The headquarters of Naver Webtoon, the U.S. subsidiary Webtoon Entertainment, will be listed on the U.S. Nasdaq.’,
,
, “According to the U.S. Securities and Exchange Commission (SEC) on the 24th, Naver Webtoon (Webtoon Entertainment) is scheduled to be listed on Nasdaq on the 27th of this month (local time). The stock code is ‘WBTN’, and the lead underwriters are Goldman Sachs, Morgan Stanley, JP Morgan, and Evercore.”,
,
, ‘The expected price range is between $18 to $21 per share, with a maximum estimated company value of $2.67 billion when applying the upper price of the offering, approximately 3.7 trillion won.’,
,
, ‘Webtoon Entertainment is the first U.S.-listed company (planned) among Naver (035420) affiliates. The ownership structure is Naver 71.2% and Line Yahoo (LY) 28.7%.’,
,
, ‘The company currently provides services in over 150 countries with approximately 170 million monthly active users (MAU). It recorded revenue of $1.2827 billion (approximately 1.774 trillion won) last year. The net loss was $144.8 million (approximately 200.2 billion won).’,
,
, ‘Kim Jungu, CEO of Naver Webtoon, emphasized in the Securities Registration Statement submitted to the U.S. SEC, “Every month, 170 million users and 24 million creators from around the world meet” and said, “Our goal is to discover and develop the biggest hit IP franchise in webtoons for the next 10 years.”‘,
,
, “Currently, ‘K-Webtoons’ are highly regarded as a source for drama and game production in the global market including the United States.”,
,
, ‘Meanwhile, CEO Kim will receive a cash bonus of $30 million (approximately 41.5 billion won) in recognition of his contribution to fostering Naver Webtoon and the Nasdaq listing. The company’s board of directors approved the resolution to award CEO Kim with about 14,815 RSUs (Restricted Stock Units) and a cash bonus of $30 million based on stock performance.’,
,
, ”