This indicates strong demand for a firm that pitched itself as a stable investment rather than a quick-growing startup. Line, owned by South Korea’s Naver Corp, set a tentative range of 2,700 yen to 3,200 yen a share. At the top of the range, Line could raise 129 Bn yen from the sale of as many as 40.25 Mn shares.

Japan’s Line Corp's IPO values the firm at $6.57 Bn

Leave a Reply

Your email address will not be published. Required fields are marked *