LINE Priced, NYSE: LN

Leading Japanese mobile messaging application being carved out of Naver.

Industry: Technology

Latest Trade: $35.42 0.00 (0.0%)

First Day Return: +26.6%

Return from IPO: +7.9%

Industry: Technology

We are a leading global platform for mobile messaging and communication services, content distribution and advertising. Our mobile messaging application, which is the foundation of our LINE platform and operates on all major mobile operating systems, enables our users to communicate through free instant messaging and voice and video calls and serves as a smart portal to our other applications and services. We provide users with access to a wide range of social and interactive content and services that satisfy our users’ individual needs for access to information and entertainment such as mobile games and music through our “content platform,” as well as online-to-offline services such as payment services and job posting, restaurant reservation and taxi booking services through our “life platform.” We believe that the integration on our LINE platform of content and services offers our users a convenient way to connect and have fun with their family and friends, explore and share their interests and satisfy their daily needs with greater ease, which we believe enriches the user experience and ultimately contributes to higher user loyalty.
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IPO News for LINE
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IPO Data
IPO File Date 06/10/2016
Offer Price $32.84
Price Range $28.50 - $32.50
Offer Shares (mm) 22.0
Deal Size ($mm) $722
IPO Data
IPO Date 07/11/2016
Offer Price $32.84
Price Range $28.50 - $32.50
Offer Shares (mm) 22.0
Deal Size ($mm) $722
Underwriters
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Company Data
Headquarters Tokyo, Japan
Founded 2011
Employees 2,537
Website linecorp.com/en