In today’s briefing:
- Webtoon Entertainment IPO: Favorable Risk/Reward IPO Valuation and Limited Downside Potential
Webtoon Entertainment IPO: Favorable Risk/Reward IPO Valuation and Limited Downside Potential
- Webtoon Entertainment, a South Korean global storytelling platform and the world’s largest digital comics platform, filed for an IPO in the United States.
- The company offers 15M shares at a price range between $18.00 and $21.00, implying a market cap of roughly $2.5B at the midpoint based on 129.3M outstanding shares.
- I have a positive view of the upcoming Webtoon Entertainment IPO and I think risk/reward is more favorable for IPO investors given the company’s improving profitability and strong cash position.
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