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Korean web comic giant set for $2.7bn market debut


Webtoon Entertainment says it has 170m monthly active users in over 150 countries around the world.

Webtoon Entertainment, which describes itself as the world's largest web comic platform, has set its market value at $2.67bn (£2.11bn) ahead of its US listing. Its shares are due to start trading on the Nasdaq stock exchange on 27 June at $21 each, the top end of their marketed range. The webtoon industry, which focuses on online-only comics optimised for reading on mobile, first emerged in South Korea two decades ago.

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