June 17 (Reuters) - Online comics platform Webtoon
Entertainment said on Monday it is targeting a valuation of up
to $2.67 billion in its initial public offering in the United
States.
The company, majority-owned by South Korean tech giant Naver
, is aiming to raise as much as $315 million by
offering 15 million shares at a price range of $18 to $21 each.
Los Angeles, California-based Webtoon joins a roster of
companies looking to tap into improving investor appetite for
stock market listings amid rising bets of a soft landing for the
U.S. economy.
Certain fund and accounts managed by asset manager BlackRock ( BLK )
have indicated interest in purchasing up to $50 million
worth of shares sold in the IPO.
Webtoon Entertainment will list on the Nasdaq Global Select
Market under the symbol "WBTN".
Goldman Sachs, Morgan Stanley, J.P. Morgan Securities and
Evercore Group are the lead underwriters for the offering.