Naver-owned online comics platform Webtoon files for US IPO

Naver-owned online comics platform Webtoon files for US IPO

FILE PHOTO: A general view of the Naver sign on its office building in Seongnam, South Korea, May 13, 2022. REUTERS/ Heo Ran/File Photo

Online comics platform Webtoon Entertainment swung to a profit in the first quarter while growing its revenue by 5%, it disclosed on Friday in its filing for an initial public offering (IPO) in the United States.