Booktopia to Remain In Limbo Until Late July or Later
Struggling Australian retailer Booktopia announced that it expects to remain in financial limbo until late July or beyond. After suspending trading of its stock in the middle of June while the company seeks new financing and/or credit as “necessary for the company’s continued financial viability,” the company has been extending its own deadline further and further out. Now, the company tells the Australian Stock Exchange, it does not expect to have news regarding “the additional funding it is seeking” until July 19. The only progress reported is that “due diligence has been undertaken by some of these parties [suppliers and […]
Webtoon Stock Prices At Top End, Rises Further
Webtoon Entertainment’s IPO priced at the top of its indicated range earlier this week, issuing 15 million shares at $21 a share, yielding gross proceeds of $315 million. The company receives another approximately $50 million from a private placement of additional shares to parent company Naver. In NASDAQ trading, the stock rose above the initial offering price, this morning priced at about $24 a share.
People 6/27
Kristina Fazzalaro has been promoted to associate director of publicity at Viking.
Imprints: Flight Books
In the UK, Ebury has partnered with entrepreneur Steven Bartlett and his media, marketing, and investment company Flight Group on a new imprint called Flight Books. The Bookseller writes that the imprint will publish guests from Bartlett’s podcast “The Diary Of A CEO.” First titles will include a memoir from ultra-marathon athlete Russ Cook and a book by Codie Sanchez, founder and chief executive of Contrarian Thinking. Joel Rickett, managing director of Ebury and Quadrille, said: “Steven is the ultimate connector and talent-spotter, and we’re loving the way he’s discovering potential authors to build the list. The opportunity is to […]
Coalition of Authors Launch “Authors Against Book Bans”
A coalition of 1,500 authors, illustrators, audiobook narrators, and translators have launched Authors Against Book Bans (AABB), an organization that will combat books bans and challenges all over the US. AABB is partnering with local organizations already at work on this issue, with aims of creating a framework for grassroots organizing, legislative advocacy, support for teachers and librarians, and more. They write in a release, “Member authors attend school board meetings, meet with state, local and national legislators, and advocate for people fighting to access books and materials wherever challenges occur.” Members include Elizabeth Acevedo, Judy Blume, Alexander Chee, Dhonielle […]