Ron Burgundy Posted September 23, 2014 Share Posted September 23, 2014 By Se Young Lee SEOUL (Reuters) - Naver Corp held off on an IPO for its Line Corp unit on the belief that the messaging app operator can command a better valuation by further building its revenue and profit, Naver's chief financial officer told Reuters on Tuesday. South Korea-based Naver said on Monday that it does not plan an initial public offering for Line this year, dashing market expectations for a deal that one banking source has said could value Japan-based Line at $10 billion-$20 billion. ... View the full article Quote Link to comment Share on other sites More sharing options...
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