Webtoon Entertainment Bosses On How Nasdaq Listing Will Expand U.S. Opportunities & Platform’s Creator Revenue Share Model
deadline.comEXCLUSIVE: Webtoon Entertainment CEO Junkoo Kim has said listing on Nasdaq will bolster efforts to adapt the company’s IPs into different formats and increase opportunities to collaborate with global partners.
The company closed its first trading day at $23, marking a 9.5% increase from its IPO price of $21, with the company’s market capitalization hovering around $2.9B.
In an exclusive interview with Deadline, its bosses revealed how the new cash would help drive growth in the U.S. and provided color around the company’s revenue share model with the wealth of creators on the platform. “We are dominant in Korea, have a strong foothold in Japan, and we are in the earliest stage of a massive market opportunity in North America,” said Yongsoo Kim, the company’s Chief Strategy Officer. “Listing in the U.S.
will help accelerate our growth in this market, helping us to get more users and more opportunities with U.S. local players.
Read more on deadline.com