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Line IPO could raise more than $1bn for social network


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Japanese messaging app Line is preparing for its delayed IPO on the Tokyo and New York stock exchanges.

The company has announced that it will price its IPO at between $26.50 and $31.50 a share, potentially raising as much as $1.09bn from the flotation. The final price will be set on 11 July, according to Line, which has 218 million monthly active users – albeit with two thirds of them concentrated in its four biggest markets, Japan included

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Stuart Dredge

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