Asia’s Popular Messaging App LINE Debuts IPO on NYSE Raising Over $1B

[kreslik.news]

One of the most famous mobile messaging apps in Asia just went public today in the U.S., as LINE Corporation (LINE) debuted itself as a public company on the NYSE under ticker symbol ‘LN’ following a successful initial public offering (IPO) this morning in New York that helped it raise over $1 billion and become the largest tech IPO to date in 2016.

From the 35 million shares that LINE placed in the public market (excluding an over-allotment that was also subscribed to), 22 million shares went into its US listing, and the other 13 million were placed in Japan, initially at ... (read more)