clock menu more-arrow no yes

Messaging App Line Files for IPO Valued Over $10B

Japanese messaging app operator Line Corp applied for an initial public offering (IPO) valued at upwards of 1 trillion yen ($9.85 billion) around two weeks ago at the Tokyo Stock Exchange, a person with knowledge of the matter said.

Line, owned by South Korea’s Naver Corp, has tapped investment bank Nomura Holdings to manage the IPO, the person said, adding that the company is considering a dual listing in Tokyo and New York.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.

Sign up for the newsletter Sign up for Meat/Less

How to eat well and do good, in 5 emails.