In the wake of successful (IPOs) of high-profile companies recently, like (NASDAQ: ARM) and (NYSE: RDDT), investors are on the prowl for the next success story. Reddit has grown impressively since its IPO on 22 March 2024, nearly doubling from its IPO price of US$34. Similarly, Arm has skyrocketed from its IPO price of US$51 to over US$160 in less than a year.
Here are some reputable companies going public or currently in the process of applying for an IPO. Owned by South Korea’s internet giant (KRX: 035420), Webtoon Entertainment is one of the world’s largest platforms for online stories and comics. Webtoon owns flagship brands such as Webtoon and Naver Webtoon for global audiences and Korean users, respectively, and also other brands such as Wattpad and Line Manga.
Currently, the company boasts over 24 million creators and around 170 million active monthly users across its many platforms. Notable series include “Lookism” which has nearly 870 million readers and an animated version on (NASDAQ: NFLX), ranking as a Netflix top 10 series in December 2022. Another popular series, “True Beauty”, has amassed over 6.
4 billion page views and is available on Apple TV, Prime Video and Netflix. Webtoon Entertainment generates revenue through advertising, paid subscriptions and licensing agreements. For 2023, Webtoon Entertainment recorded US$1.
3 billion in revenue, marking a significant 18% year on year increase. Despite this, the company was not profitable for the last two.
