secwatch.observer — SEC 8-K summary
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Issuer:     WEBTOON Entertainment Inc. (WBTN)
CIK:        0001997859
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001193125-24-173353
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WEBTOON Entertainment prices IPO at $21/share, raising ~$315M; shares to trade on Nasdaq as WBTN
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- IPO of 15M shares priced at $21.00, gross proceeds ~$315M; underwriters have 30-day option for 2.25M additional shares.
- Private placement of 2,380,952 shares to NAVER U.Hub at $21.00 for ~$50M in additional proceeds.
- Shares begin trading on Nasdaq Global Select Market on June 27, 2024 under ticker 'WBTN'; offering closed June 28, 2024.
- Lead bookrunners: Goldman Sachs & Co. LLC and Morgan Stanley; co-managers include Raymond James and LionTree.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1997859/000119312524173353/0001193125-24-173353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1997859/000119312524173353/d841371d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-173353

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer