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 and $31.50 per share. As the Wall Street Journal reported earlier today, at those prices, Line’s IPO could raise… Read More