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The operators of Line, the messaging app that’s mega-popular in Asia and Latin America, went public on the To...
The operators of Line, the messaging app that’s mega-popular in Asia and Latin America, went public on the Tokyo Stock exchange two weeks ago with stocks valued at over $10 billion.
The initial public offering was managed by investment bank Nomura Holdings, while South Korean Naver Corp, the owners of Line, considered dual listing on both the Tokyo and New York Stock Exchange.
Line is a Japanese proprietary instant messaging app for smartphones and personal computers. Line enables users to exchange text messages, pictures, and videos and make free VoiP calls. Launched in Japan in 2011, Line reached 200 million users just six months after release. Line is most popular with users in Asia and South America and boasts 480 million downloads globally.