Line files for IPO in Tokyo

Nieuws Mobiel Japan 15 JUL 2014
Line files for IPO in Tokyo
Mobile messaging app Line has filed for an initial public offering in Tokyo. Line's parent company, South Korean internet group Naver confirmed that it had made the filing after numerous media reports. Line could also be listed in the US, Naver said, noting that nothing was definite yet. It said further details of the listing would be announced closer to the offering. The IPO could value Tokyo-based Line, which reported over 400 million users in April, at more than JPY 1 trillion (USD 9.8 billion), sources familiar with the matter told Bloomberg. 

Categories:

Mobiel

Companies:

Line,  Naver

Regions:

Wereld

Countries:

Japan

Tags:

Unified communications, Messaging, IT - applications, Financial funding

Related Articles

WERELD 28 JUN 2016

Line sets IPO range at JPY 2,700-3,200 per share

Japanese mobile messaging provider Japanese Line has set its price range for an initial public offering (IPO) in Tokyo and New York next month at JPY 2,700-3,200 (USD 26.50-31.50) per share, the Wall Street Journal reported. The IPO could raise up to JPY 112 billion, making it the biggest technology listing so far this year.

WERELD 27 AUG 2015

Line shelves plans for IPO - report

Mobile messaging app Line has scrapped plans for an IPO again, people familiar with the situation told the Wall Street Journal. Line's owner, South Korean Internet platform Naver, was preparing a Line IPO in Tokyo and New York last year, but decided to wait until this year, saying it wanted to focus on overseas expansion first. However, the company has again shelved the plans, the report said. One person familiar with the matter said that plans for a Line IPO had been put on hold until at least next spring.

WERELD 14 OCT 2014

Line passes 560 million global users milestone

Japanese text and voice messaging app Line has passed the 560 million global users milestone. THe announcement was made at the Line Conference Tokyo 2014 at Maihama Amphitheatre. Line also said that it has reached 170 million monthly active service users.

WERELD 22 SEP 2014

Line will not launch IPO this year

Japanese app developer Line will not launch an initial public offering this year, the Financial Times reported, citing a regulatory filing from parent Naver. The South Korean internet portal said Line is still considering whether to seek a single listing in Japan or in the US, or go for a dual listing in both countries. Naver said Line has been considering an IPO as one of the options for future growth and that the service was showing rapid and healthy growth. Line management has determined however that now

WERELD 31 JUL 2014

Line revenues more than double in Q2

Mobile messaging services provider Line reported revenues for the second quarter of JPY 21.2 billion, an increase of 17.5 percent over the previous quarter. Its main mobile business accounted for JPY 18.2 billion in revenue, up 25 percent from the previous quarter and 146 percent more than in the year-earlier period. Growth was driven more users, especially in its core markets of southeast Asia and increasingly in Latin America, as well as growing adoption of its sticker services. The Line Creators Market,

JAPAN 31 JUL 2014

Alibaba, Softbank to acquire 30% stakes in Line - report

Chinese e-commerce group Alibaba and Japanese mobile operator SoftBank are in talks to invest in or sign a partnership agreement with Japanese messenger app Line, South Korean newspaper Chosun Ilbo reports, citing an unnamed high-ranking source in Naver. According to the same source, Softbank and Alibaba each plan to acquire a 30 percent stake in Line. However, Line's parent company, Naver, is not considering a stake sale to either of the two, a source with direct knowledge of the situation told Reuters. Ba

THAILAND 25 JUL 2014

Line launches shopping app in Thailand

Mobile messaging services provider Line has launched a free shopping app dubbed 'Line Shop' in Thailand. Consumers can talk directly with sellers with this shopping app. To start using the app, customers are required to tap Line Login and set their user name to complete the registration. App users can then select categories and search by keywords to see the products they want to window shop straight from their smartphone screen.

JAPAN 15 JUL 2014

WSJ: Line plant beursgang, mogelijk 7 miljard euro waard

Line, het bedrijf achter de voice- en messaging-app met dezelfde naam, plant een beursgang in Japan, zo meldt the Wall Street Journal op basis van een anonieme bron. Line zou een notering op de Tokyo Stock Exchange willen, gevolgd door een notering op de New York Stock Exchange. De verwachting is dat Line hierbij gewaardeerd wordt op meer dan 1 triljoen yen (ruim 7 miljard euro). Line heeft ongeveer 400 miljoen gebruikers wereldwijd, maar is vooral populair in Japan.

WERELD 24 JUN 2014

Line & family apps top 1 bln downloads worldwide

Mobile messaging services provider Line is celebrating its third anniversary. Line has also announced that the total number of downloads for Line and Line family apps topped the 1 billion mark. Line also reports the most used family app worldwide is Line camera, which allows users to edit and modify photos. Line Game dominates the top five in the category ranking how many days it took each app to reach ten million downloads. In addition to games featuring the Line characters, other popular apps include Line

JAPAN 3 JUN 2014

Line considers IPO in Tokyo - report

Japanese text and voice messaging app Line is considering listing its shares on the Tokyo Stock Exchange as early as this autumn, The Wall Street Journal reports, citing a source familiar with the firm's plans. It is not yet clear how much the firm aims to raise with the IPO but the source said that the company could be valued at more than JPY 1 trillion. Company spokeswoman Hazuki Yamada said the company is considering various options and added that nothing has been decided yet. Line was founded in Japan i

WERELD 8 MAY 2014

Line Q1 revenues lift 14% on strong core Line business

Line Corporation, owner and operator of the free call and messaging app Line, reported first quarter revenue up 14 percent from the previous quarter to JPY 18 billion. Revenue for core business Line jumped 19 percent quarter-on-quarter and 223 percent year-on-year to JPY 14.6 billion. Line user numbers reached the 400 million mark on 1 April and over 420 million at end March. In addition to countries and regions where user bases are already strong, such as Southeast Asia and Spain, Line also captured new us

WERELD 2 APR 2014

Line passes 400 mln users

Mobile messaging app Line announced it has passed 400 million registered users. It last reported the milestone of 300 million in November 2013, and it targets 500 million in the course of this year. Since the start of this year the amount of countries with over 10 million registered users rose to a total 10, including the US, Korea, Malaysia and Mexico. In addition, the company set new records this year for daily chat messages (10 billion/day), sticker messages (1.8 billion/day) and phone calls (over 12 mil

Just In

16:42

SLT-Mobitel launches 5G network in Sri Lanka

16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.