{"id":4249,"date":"2016-06-10T22:12:27","date_gmt":"2016-06-10T14:12:27","guid":{"rendered":"http:\/\/people.utm.my\/murtadha\/2016\/06\/10\/japans-messaging-app-line-plans-ipo-at-5-5-billion-valuation\/"},"modified":"2016-06-10T22:12:27","modified_gmt":"2016-06-10T14:12:27","slug":"japans-messaging-app-line-plans-ipo-at-5-5-billion-valuation","status":"publish","type":"post","link":"https:\/\/people.utm.my\/murtadha\/2016\/06\/10\/japans-messaging-app-line-plans-ipo-at-5-5-billion-valuation\/","title":{"rendered":"Japan’s messaging app Line plans IPO at $5.5 billion valuation"},"content":{"rendered":"

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Line Corp. is aiming to go public in Japan and the U.S. at a total market valuation of 588 billion yen ($5.5 billion), putting it on track to deliver the biggest market debut for a technology company this year.<\/p>\n

Japan\u2019s most popular mobile-messaging service is seeking to raise 113 billion yen from the sale of new and existing shares, including an over-allotment, Line said in a filing Friday. The IPO price range will be set on June 27, and the final price on July 11, the company said.<\/p>\n

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SEE ALSO: Japan’s Line Said to Reveal IPO Details<\/a><\/p>\n<\/div>\n

The Tokyo-based company, owned by South Korean search portal Naver Corp., is also planning a long-term expansion in the U.S. Line, whose app debuted in 2011, pioneered the business model of selling digital stickers for people to buy and share during chat sessions on their mobile phones. The funding will also give Line, with 218 million<\/a> monthly active users, more resources to challenge Facebook Inc.\u2019s Messenger and WhatsApp, or China\u2019s WeChat. Read more…<\/a><\/p>\n<\/div>\n

More about Ipo<\/a>, Messaging Apps<\/a>, and Business<\/a><\/p>\n

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Line Corp. is aiming to go public in Japan and the U.S. at a total market valuation of 588 billion yen ($5.5 billion), putting it on track to deliver the biggest market debut for a technology company this year. Japan\u2019s … Read More<\/a><\/p>\n","protected":false},"author":115,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[768,3276,3277],"class_list":["post-4249","post","type-post","status-publish","format-standard","hentry","category-other","tag-business","tag-ipo","tag-messaging-apps"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/posts\/4249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/users\/115"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/comments?post=4249"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/posts\/4249\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/media?parent=4249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/categories?post=4249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/murtadha\/wp-json\/wp\/v2\/tags?post=4249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}