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Messaging App Line Plans Up To $3 Billion Dual Ipo In New York And Tokyo: Ifr

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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The logo of free messaging app Line is pictured on a smartphone in this photo illustration taken in TokyoMessaging app operator Line Corp, which is owned by South Korea's largest web portal operator, Naver Corp, plans an initial public offering of up to $3 billion in New York and Tokyo, IFR reported on Friday, citing people close to the deal. Preparations are being made for the listing, which is expected to take place before the end of the summer in the northern hemisphere, added IFR, a Thomson Reuters publication, citing one of the people familiar with the deal. The listing would take place on the Tokyo Stock Exchange and either the New York Stock Exchange or the Nasdaq.




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