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Naver-Backed Webtoon Shares Rise 9.5% After $315 Million IPO

Webtoon Entertainment Inc. shares climbed 9.5% in the online comics company’s debut after a US initial public offering that raised $315 million, priced at the upper end of a marketed range.The company, backed by South Korea-based Naver Corp., sold 15 million shares for $21 each on Wednesday. Webtoon shares closed at $23 apiece on Thursday in New York....

Read more at bloomberg.com

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