Line plans year's biggest technology IPO, pitching US investors

Tokyo

JAPAN'S Line Corp is headed for what could be the biggest initial public offering (IPO) for a technology company this year, including a major pitch to American investors.

The company behind one of Asia's most popular messaging apps plans to go public in Tokyo and New York in mid-to-late July, with a goal of raising between US$1 billion and US$2 billion at a valuation of US$5 billion to US$6 billion, according to people familiar with the matter.