{"id":82205,"date":"2024-06-27T05:35:08","date_gmt":"2024-06-27T05:35:08","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/27\/webtoon-comics-website-valued-at-2-7bn-ahead-of-us-market-debut\/"},"modified":"2024-06-27T05:35:08","modified_gmt":"2024-06-27T05:35:08","slug":"webtoon-comics-website-valued-at-2-7bn-ahead-of-us-market-debut","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/27\/webtoon-comics-website-valued-at-2-7bn-ahead-of-us-market-debut\/","title":{"rendered":"Webtoon: Comics website valued at $2.7bn ahead of US market debut"},"content":{"rendered":"
\"Webtoon:<\/div>


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Webtoon Entertainment, which describes itself as the world’s largest web comic platform, has set its market value at $2.67bn (\u00a32.11bn) ahead of its US listing.<\/p>\n

Its shares are due to start trading on the Nasdaq stock exchange on 27 June at $21 each, the top end of their marketed range.<\/p>\n

The Los Angeles-based company is owned by South Korean technology giant Naver, which has been boosted by the growing online popularity of Korean and Japanese comics.<\/p>\n

Webtoon says it has 170 million monthly active users in more than 150 countries around the world.<\/p>\n

The company is aiming to sell 15 million shares and raise $315m in the initial public offering (IPO).<\/p>\n

The world’s largest fund manager BlackRock has expressed interest in buying up to $50m of shares.<\/p>\n

Webtoon Entertainment also owns the Japanese web comic and manga app Line Manga, the web novel platform Wattpad and the Korean web comic offering Naver Webtoon.<\/p>\n

It offers thousands of titles covering different genres – including action, romance, horror and science fiction.<\/p>\n

The webtoon industry, which focuses on online-only comics optimised for reading on mobile, first emerged in South Korea two decades ago.<\/p>\n

Their popularity exploded globally turning them into a major South Korean cultural phenomenon alongside K-pop and Korean dramas.<\/p>\n

Webtoons are cheap to produce – a single artist can create one using a tablet – which can make popular comics very profitable.<\/p>\n

The webtoon industry made $4.7bn 2021 and is projected to grow to $60.1bn by 2030, according to Spherical Insights & Consulting.<\/p>\n<\/div>\n


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Webtoon Entertainment, which describes itself as the world’s largest web comic platform, has set its market value at $2.67bn (\u00a32.11bn) ahead of its US listing. Its shares are due to start trading on the Nasdaq stock exchange on 27 June at $21 each, the top end of their marketed range. The Los Angeles-based company is […]<\/p>\n","protected":false},"author":2,"featured_media":82206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/e195\/live\/28edb4c0-3436-11ef-aa9d-070c4a0fe480.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[72822,203,72821,478,1602,33948,6284,72820],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/82205"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=82205"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/82205\/revisions"}],"predecessor-version":[{"id":82207,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/82205\/revisions\/82207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/82206"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=82205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=82205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=82205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}