Tag Archives: Japanese

Japanese Messaging App Line Raises Over $1.1 Billion in IPO

July 29, 2016 Comments Off on Japanese Messaging App Line Raises Over $1.1 Billion in IPO

Japanese messaging app Line’s initial public offering has raised more than $1.1 billion despite a lukewarm IPO market. Shares priced at 3,300 yen each, or $32.84 per US-traded share, Monday, the top of the predicted range. That suggests strong demand. Renaissance Capital, an IPO research firm, says it’s the biggest US IPO of the year. The stock will begin trading ... Read More »

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 »