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.

Advertisement

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.

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. Samsung Will Launch New Galaxy A-Series Smartphones in India on This Date
  2. Here's How Much the Vivo Y21 5G, Vivo Y11 5G Could Cost in India
  3. OnePlus 15T Camera Features Teased Ahead of March 24 Launch
  4. Realme 16 5G Will Finally Launch in India Soon, Tipster Claims
  1. NASA Astronauts Complete 7-Hour Spacewalk to Prepare ISS Power System Upgrade
  2. Samsung Reportedly Plans to Introduce AirDrop Support on Galaxy S26 Series Later This Year
  3. Vivo Y21 5G, Vivo Y11 5G Price in India and Colourways Leaked a Month After Global Launch
  4. Toaster OTT Release: When and Where to Watch Rajkummar Rao’s Comedy Thriller
  5. FBI Warns Tron Blockchain Users of Phishing Attack Using Fake Tokens Impersonating the Agency
  6. Amazon Said to Be Working on New Smartphone Equipped With Alexa Assistant and AI Features
  7. Border 2 Now Streaming Online: Where to Watch Sunny Deol, Varun Dhawan Starrer Movie Online?
  8. Mad For Each Other Now Streaming Online: What You Need to Know About Platform, Cast, and More
  9. Chiraiya Now Available for Streaming on OTT: What You Need to Know
  10. Samsung Galaxy M17e With 50-Megapixel Camera, 6,000mAh Battery Goes on Sale in India: Price, Offers
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.