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


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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