LY Corporation
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588 billion yen ($5.50 billion)
- Line Corp on Friday said it plans to list shares in Tokyo and New York next month through an initial public offering (IPO) that would value the Japanese messaging app operator at 588 billion yen ($5.50 billion). Tokyo-headquartered Line said it could raise as much as 112.7 billion yen, making the IPO Japan’s biggest of the year.
Jun 10, 2016 · TOKYO (Reuters) - Line Corp [IPO-LINE.T] on Friday said it plans to list shares in Tokyo and New York next month through an initial public offering (IPO) that would value the Japanese...
Jun 10, 2016 · TOKYO—Messaging-app operator Line Corp. is planning a dual listing in Tokyo and New York in July that could raise more than $900 million and value the five-year-old company at more than $5...
- 1 min
- Text and Spend
- Facing The Competition
- The Line on The Line IPO
LINE Corporation's core business is the messaging app of the same name, plus associated services. Haven't heard of Line, the app? That's not surprising, as it's big in Asian markets but hasn't yet made the leap to other continents. According to the company, in terms of number of users, its namesake product is the top dedicated mobile messaging app ...
As many seasoned e-investors know, the occasional yearly net loss or several isn't necessarily a deal breaker for a web/mobile-heavy company's investment thesis. What's more of a concern with LINE Corporation is that its hot growth period might be over. Monthly active users -- considered a benchmark metric for such enterprises -- rose by only 6% on...
For its U.S. placement, LINE Corporation's stock (taking the form of either ordinary, or American depositary, shares) will be listed under the ticker symbol LN on the New York Stock Exchange. The IPO is scheduled to take place on Thursday, July 14, with 35 million shares/ADSes listing at a price of $25 to $28 apiece. As mentioned, Goldman Sachs (in...
TOKYO, Japan, July 11, 2016 – LINE Corporation (“LINE” or the “Company”) (NYSE: LN; TSE: 3938) today announced the pricing of its initial public offering of 35,000,000 shares of its common stock, consisting of 22,000,000 shares of common stock in the form of shares or American Depositary Shares (“ADSs”) offered in the United ...
LINE Corp. (LN: NYSE) priced their IPO of 40.25 million shares of common stock in the form of ADS @ $32.84, the high end of upward revised range (based on the price of JPY 3300 per...
Jul 14, 2016 · LINE raised $1.1 billion in gross proceeds and is the third U.S. IPO to raise over $1 billion in proceeds, following US Foods (NYSE: USFD) and MGM Growth Properties (NYSE: MGP). GTS is the NYSE...
Jul 14, 2016 · Line Corp. jumps in U.S. trading debut of year’s biggest technology IPO. Originally published July 14, 2016 at 6:05 pm. Shares in the Japanese messaging company surged 27 percent in New York....
