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Korean ‘Webtoons’ Firm Eyes $18 Billion Value from IPO Bloomberg 1 hr ago Youkyung Lee (Bloomberg) Kakao Entertainment Corp. is considering New York as a venue for its planned float next year, the latest South Korean company to look into a U.S. initial public offering after e-commerce giant Coupang Inc.’s blockbuster listing in March. Kakao Entertainment Chief Executive Lee Jinsoo said that while the focus is on a Korean listing, the company is also looking into New York where Coupang’s $4.6 billion float was the biggest U.S. initial public offering since Uber Technologies Inc.’s 2019 listing. A float could value the digital comic and movie-making unit of South Korean mobile tech giant Kakao Corp. at more than 20 trillion won ($17.8 billion), double its current worth, the chief executive said in an interview with Bloomberg. ....
Korean ‘Webtoons’ Firm Eyes $18 Billion Value from IPO Bloomberg 1 hr ago Youkyung Lee (Bloomberg) Kakao Entertainment Corp. is considering New York as a venue for its planned float next year, the latest South Korean company to look into a U.S. initial public offering after e-commerce giant Coupang Inc.’s blockbuster listing in March. Kakao Entertainment Chief Executive Lee Jinsoo said that while the focus is on a Korean listing, the company is also looking into New York where Coupang’s $4.6 billion float was the biggest U.S. initial public offering since Uber Technologies Inc.’s 2019 listing. A float could value the digital comic and movie-making unit of South Korean mobile tech giant Kakao Corp. at more than 20 trillion won ($17.8 billion), double its current worth, the chief executive said in an interview with Bloomberg. ....
Korean ‘Webtoons’ Firm Eyes $18 Billion Value from IPO Bloomberg 1 hr ago Youkyung Lee (Bloomberg) Kakao Entertainment Corp. is considering New York as a venue for its planned float next year, the latest South Korean company to look into a U.S. initial public offering after e-commerce giant Coupang Inc.’s blockbuster listing in March. Kakao Entertainment Chief Executive Lee Jinsoo said that while the focus is on a Korean listing, the company is also looking into New York where Coupang’s $4.6 billion float was the biggest U.S. initial public offering since Uber Technologies Inc.’s 2019 listing. A float could value the digital comic and movie-making unit of South Korean mobile tech giant Kakao Corp. at more than 20 trillion won ($17.8 billion), double its current worth, the chief executive said in an interview with Bloomberg. ....