Messaging app LINE sets price range for possible July IPO, poised to raise over $1 billion

LINE Corp., makers of a messaging app that’s gone mainstream in Japan, Thailand and Taiwan, has set a price range for an initial public offering on the Tokyo and New York Stock exchanges in July. Its shares would be priced between 2,700 and 3,700 yen, or about $26.50-$31.50 per share. As The Wall Street Journal reported earlier today, at those prices, LINE’s IPO could raise up… Read More

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