South Korea's Naver-backed Webtoon shares jump about 14% in Nasdaq debut


FILE PHOTO: The Nasdaq Market site is seen in New York City, U.S., March 26, 2024. REUTERS/Brendan McDermid/File Photo

(Reuters) -Shares of online comics platform Webtoon Entertainment rose as much as 14.3% above their initial public offering price in their Nasdaq debut on Thursday.

The stock opened at $21.30, giving the company a valuation of $2.71 billion, and traded as high as $24. It was last trading at $22.86 just after midday.

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