Line aims to raise 112b yen in IPO amid turmoil
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, Line and its existing investors are offering 35 million shares at 2,700-3,200 yen apiece, the company said on Tuesday. The Tokyo-based company had said earlier that it planned to sell shares with an indicative price of 2,800 yen. Line is planning to go public during one of the most …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year