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Japanese Chat App Operator Line Corp Soars In New York Debut

July 22, 2016 Comments Off on Japanese Chat App Operator Line Corp Soars In New York Debut

Shares of Japanese messaging app operator Line Corp soared as much as 36 percent in their U.S. market debut on Thursday, valuing the high-profile tech startup at $9.34 billion in the biggest tech IPO this year. The offering of 22 million American Depository Shares (ADSs) at $32.84 each topped the upper end of the expected price range of $28.50-$32.50, raising ... Read More »