Stickers to Stocks: Things to Know About Messaging App Line

Advertisement
By Agence France-Presse | Updated: 14 July 2016 16:13 IST

Messaging app Line kicks off a dual New York-Tokyo stock listing later Thursday after one of the year's biggest initial public offerings.

Here are a few things to know about the chatting service that has taken Asia by storm.

What is Line?
Smartphone and other mobile gadget users can use the app to make free calls, send no-charge instant messages, and post photos or short videos, along with a host of other paid-services.

Advertisement

It is a mix of rival messaging service WhatsApp and China's WeChat with a dash of Skype and a pinch of Facebook. Games and a mobile payment service are also on offer.

Advertisement

Sticker success
What has set Line apart so far - and driven its huge success in home market Japan - are the cutesy cartoon "stickers" that friends can send to each other while chatting online. Some are free, some cost a few dollars.

Line's sticker shop sells thousands of stickers, from Hello Kitty pop-ups and Super Mario to Manga and Disney characters. Line's homegrown stable of stickers include sad-face bear Brown and friends Cony, a rabbit, and yellow duck Sally.

Advertisement

Where did it come from?
The service, owned by South Korean Internet giant Naver, launched in 2011 as a tool for people to communicate in the aftermath of Japan's quake-tsunami disaster, which damaged telecom services.

It has since mushroomed into Japan's most popular messaging app and spread across Asia and to some Spanish-speaking countries.

Advertisement

The share sale comes two years after the firm initially announced plans to list that were later shelved, reportedly because of disagreements over the sale between Line and Naver.

Why go public?
Line has about 218 million active monthly users globally but most are in a handful of countries, including Japan, Thailand, and Indonesia, and it is struggling to attract new users.

The stock offering is raising about $1.3 billion to help it finance an expansion in Asia, and tap the US and European markets where it's not a major player.

About 35 million news share in total start trading in New York on Thursday and Tokyo on Friday at JPY 3,300 ($32) apiece.

Line's revenue rose 40 percent last year, but it booked a loss, which it blamed on rising staff costs and other expenses.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement

Related Stories

Popular Mobile Brands
  1. OnePlus Ace 6T With Massive 8,300mAh Battery Launched at This Price
  2. Here's How Much the Samsung Galaxy Z TriFold May Cost in India
  3. Motorola Edge 70 India Launch Date Leaked; Might Arrive With Bigger Battery
  4. Motorola Edge 70 Ultra Leaked Renders Hint at Design, Colourways
  5. Motorola Smartphones in India Now Support PhonePe's Indus Appstore
  1. Pariah OTT Release: Vikram Chatterjee’s Heart-Wrenching Stray Dog Thriller Set for OTT Debut
  2. Dies Irae OTT Release: When, Where to Watch Pranav Mohanlal's Malayalam Horror Thriller Online
  3. A Nearby Planet May Have Formed the Moon Following a Collision With Early Earth: Study
  4. Netflix’s Gritty Frontier Drama The Abandons to Begin Streaming Soon: All You Need to Know
  5. Superman OTT Release Date Announced: Everything You Need to Know About Clark Kent's Latest Adventure
  6. International Space Station Makes History As Eight Visiting Spacecraft Simultaneously Dock
  7. Dulquer Salmaan’s Kaantha Set for OTT Debut: When and Where to Watch 1950's Period Drama Online?
  8. Motorola Edge 70 India Launch Date Leaked; Indian Variant Said to Feature Bigger Battery, Slim Design
  9. SpaceX Adds 29 New Starlink Satellites in Successful Falcon 9 Launch
  10. UK to Recognise Crypto as Property After Lawmakers Approve Landmark Bill
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.