Webtoon has filed for a proposed initial public offering of its common stock, though the number of shares and the price have not yet been determined. The shares, under the symbol WBTN, will be listed on the Nasdaq Global Select Market. Parent company Naver will retain controlling shares after the IPO. According to a report from Bloomberg earlier in the year, the company could try to raise as much as $500 million in an IPO, hoping for a valuation of between $3 billion and $4 billion. The company reports that both sales and losses grew in 2023: Sales were $1.28 […]
