Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

Webtoon Entertainment IPO: Favorable Risk/Reward IPO Valuation and Limited Downside Potential

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Equity Bottom-Up

<ul>
<li>Webtoon Entertainment, a Korean the world’s largest digital comics platform, has successfully completed IPO and private placement in June.</li>
<li>The NAVER-backed storytelling platform has raised ~$359M and priced its IPO and concurrent private placement at $21.00 per share, at the top end of price range.  </li>
<li>However, Webtoon Entertainment shares significantly underperformed with shares down ~48% below IPO offer price.</li>
</ul>


Webtoon Entertainment, a Korean the world’s largest digital comics platform, has successfully completed IPO and private placement in June.
The NAVER-backed storytelling platform has raised ~$359M and priced its IPO and concurrent private placement at $21.00 per share, at the top end of price range.  
However, Webtoon Entertainment shares significantly underperformed with shares down ~48% below IPO offer price.


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