Japan's Line Messaging App Firm Files for US IPO: Report

Advertisement
By Reuters | Updated: 18 July 2014 19:35 IST
Japan's Line Messaging App Firm Files for US IPO: Report
Line Corp, a Japan-based social messaging service firm, has filed for an initial public offering in the United States, Bloomberg news report on Friday, citing unidentified sources.

Line's parent company, South Korea's Naver Corp, said on Wednesday that Line had filed for an initial public offering in Tokyo.

Banking sources with direct knowledge of the matter told Reuters on Wednesday that the listing will ultimately be either a dual U.S.-Japan listing or a listing only in the United States.

One of the banking sources told Reuters on Tuesday that Line the IPO would value the company between JPY 1 trillion and JPY 2 trillion ($10 billion-$20 billion).

(Also see: Line Confirms It's Considering an IPO in New York or Tokyo)

Morgan Stanley is managing the U.S. share sale, Bloomberg said, noting that companies with less than $1 billion in revenue can submit their filings privately under the Jumpstart Our Business Startups Act. It was not clear which U.S. exchange it would list on.

Advertisement

Both Line and Naver declined to comment on the report.

The Line messaging app has been downloaded 480 million times, with growth of 140 percent over the last year, making it one of the world's most popular messaging services, albeit with comparatively low exposure in the United States

Advertisement

Line's app posted JPY 14.6 billion ($145 million) in revenue in January-March - a more than threefold increase on the year. The app's full-year sales hit 34.3 billion yen last year, becoming the highest-grossing non-game app of 2013, according to analytics firm App Annie.

© Thomson Reuters 2014

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. Canva Code Review: Vibe Coding Meets Creative User Experience Design
  2. CMF Watch 3 Pro Launched With Up to 13 Days Battery Life: Price, Features
  3. Samsung Galaxy Z Fold 7 Pre-Orders Reportedly Outpace the Galaxy Z Flip 7
  4. BSNL Rs. 197 Prepaid Plan's Validity Reduced: Old vs. New Benefits
  5. Honor Pad GT 2 Pro With 10,100mAh Battery Goes Official
  6. iQOO Neo 11 and Neo 11 Pro Key Specifications Tipped
  7. ViewSonic X1-4K Pro, X2-4K Pro and SP7 Projectors Launched in India
  8. [Exclusive] Oppo K13 Turbo Series to Launch in India in Early August
  9. Netflix Might Be Using Runway's AI Video Tools in Content Production
  1. Samsung Galaxy Watch Ultra Gets One UI 8 Watch Update With Wear OS 6 Features
  2. AMD Unveils Stable Diffusion 3 Medium Model With Support for 4-Megapixel Image Generation on Ryzen AI Laptops
  3. Samsung Galaxy Z Fold 7 Reportedly Outpaces Galaxy Z Flip 7 in Pre-Orders in South Korea
  4. Lava Blaze Dragon 5G Price Range, Key Features Revealed Ahead of July 25 Launch in India
  5. Samsung Galaxy Z Fold 6 Price in India Slashed After Galaxy Z Fold 7 Launch
  6. Honor Pad GT 2 Pro With Snapdragon 8 Gen 3 SoC, 10,100mAh Battery Launched: Price, Specifications
  7. CMF Watch 3 Pro Launched With 1.43-Inch AMOLED Screen, Up to 13 Days Battery Life: Price, Features
  8. Netflix Reportedly Testing Runway’s AI Video Tools in Content Production
  9. Vivo V60 Could Launch in India on August 12; Key Specifications and Price Tipped
  10. iOS 18.6 Release Candidate Beta Released Alongside macOS 15.6 RC and More for Both Public and Developers
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.