Messaging app company Line says it won’t hold an IPO this year after all
Sep23
Line, the mobile messaging app from Japan with 500 million registered users, is putting its public listing on hold after revealing that it won’t seek an IPO this year as previously planned. The decision was initially confirmed in a statement to the Wall Street Journal. It emerged in August that Line had filed paperwork in both the US and Japan, hinting that it could pursue a dual listing that analysts speculate would value it at around $10 billion. Line’s business model sees it offer its chat app for free, but monetize around games, virtual items like stickers and as a marketing platform…
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