Webtoon Entertainment has priced its initial public offering (IPO) at the top of its indicated range, seeking to raise about $315 million, the online comics platform said on Wednesday. Webtoon Entertainment has priced its initial public offering (IPO) at the top of its indicated range, seeking to raise about $315 million, the online comics platform said on Wednesday. The company, majority-owned by South Korean tech giant Naver , priced its 15 million shares at $21 apiece, and had marketed the range of $18 to $21. Goldman Sachs, Morgan Stanley, J.P. Morgan Securities and Evercore Group are the lead underwriters for the IPO. Webtoon was founded in 2005 as a side project of CEO Junkoo Kim while he was working as a search engineer at Naver.

---

Persons: Goldman Sachs, Morgan Stanley, J.P, Webtoon, Junkoo Kim Organizations: Webtoon, South, Morgan Securities, Evercore, underwriters Locations: South Korean, Angeles , California