WEBTOON Entertainment Inc.

WEBTOON Entertainment Inc. (WBTN) priced its initial public offering on Jun 27, 2024 at $21.00 per share, raising $315M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.66B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, J.P. Morgan and Evercore ISI and others. Kirkland & Ellis advised the company and Davis Polk advised the underwriters.

WEBTOON Entertainment Inc. runs a global storytelling platform where creators publish and users discover and share content, serving users in over 150 countries. Its main operating subsidiary, NAVER WEBTOON, is a Korean company, and creators can earn money from their work.

Status

IPO

Ticker

WBTN

Exchange

Nasdaq Global Select

Priced

Jun 27, 2024

IPO price

$21.00

Raised

$315M

Market cap at IPO price

$2.66B

First filed

May 31, 2024

Underwriters

Goldman Sachs, Morgan Stanley, J.P. Morgan, Evercore ISI, Deutsche Bank, UBS, HSBC and Raymond James

Company counsel

Kirkland & Ellis

Underwriters' counsel

Davis Polk

Sector

Industrials & materials

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.