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Line aims to raise 112b yen in IPO amid turmoil

Wednesday, June 29, 2016 - 05:50

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Line characters at the Line Corp's headquarters in Tokyo; Line pioneered the business model of selling stickers and other digital knick-knacks that people buy and share while chatting on smartphones.

Tokyo

LINE Corp, Japan's most popular mobile messaging service, and its owners are aiming to raise as much as 112 billion yen (S$1.5 billion) in what could become the biggest technology initial public offering globally this year.

Backed by South Korean search portal Naver Corp,

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