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Naver Webtoon s plan for Nasdaq listing draws mixed views

Naver Webtoon is preparing for a Nasdaq listing as early as June. While market observers anticipate that the listing could boost investor sentiment in the domestic webtoon industry, some question its effectiveness, suggesting it could harm Naver s already weak share price.

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Naver Webtoon eyes Nasdaq listing in June

South Korean internet giant Naver is pushing to have its online comics operator Webtoon Entertainment go public on the US Nasdaq as early as June, according to a recent Bloomberg report. Webtoon Entertainment is the head office for the online comics business Naver Webtoon, and has been based in Los Angeles since May 2020. The firm, with a 71.2 percent stake owned by Naver, manages the overall online comics operations.

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Web cartoons platform Naver eyes US$4 billion value in US summer IPO

Web cartoons platform Naver eyes US$4 billion value in US summer IPO
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Wattpad Implements Second Round of Layoffs, Cuts 15% of Employees

Wattpad has recently announced a second round of layoffs as its parent, Webtoon Entertainment, streamlines its operations.

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Storytelling platform Wattpad cuts nearly 15% jobs in another layoff round

Canada-based storytelling platform Wattpad has slashed nearly 15 per cent of its workforce in another round of layoffs conducted earlier this month.The company has laid off around 30 employees, TechCrunch reported, citing sources. The move is .

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