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[Alpha Biz=(Chicago) Reporter Kim Jisun] If Naver Webtoon is listed in the U.S., it will be a negative factor for Naver's stock price, which is listed on the local securities market, according to a report.
On the 20th, Korea Investment & Securities bought Naver's investment opinion and kept its target price of 270,000 won.
Naver Webtoon is a 100% subsidiary of Webtoon Entertainment, which Naver holds a 71.2% stake. If the U.S. is listed in June this year, it is expected to raise $ 500 million (about 668.8 billion won) in recognition of its corporate value.
Naver Webtoon's 2024 sales estimate is about KRW 1.6 trillion to KRW 1.7 trillion, with most securities firms evaluating Naver Webtoon's corporate value at KRW 5 trillion to KRW 6 trillion based on this.
"The $ 4 billion in corporate value is not enough to lead to a rise in Naver's stock price," said Korea Investment & Securities. "Considering the dilution of Naver's stake after listing, it may be a negative factor for the stock price."
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
