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Line prices IPO at top of range in year's biggest tech debut

Mobile-messaging service will sell 35m shares at 3,300 yen apiece and will exercise an option to sell more stock
Tuesday, July 12, 2016 - 05:50
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Line debuted in 2011 and pioneered the business model of selling stickers and other digital knick-knacks that people buy and share while chatting on smartphones.

Tokyo

JAPAN'S Line Corp set the price of its initial public offering at the top of the targeted range and will exercise an option to sell more stock as investors shrug off market volatility caused by the "Brexit" decision.

The mobile-messaging service, owned by South Korean portal

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