Line (LN)

Line (LN)

Postby winston » Mon Jun 06, 2016 2:01 pm

Line Plans Multi-Billion Dollar IPO In July, In Tokyo And New York

By Shuli Ren

Japan’s Line Corp., which makes a popular messaging app similar to Tencent‘s (700.Hong Kong) WeChat, is planning to go public this July, with a dual listing in Tokyo and New York.

Line is hoping to raise $1-2 billion, valuing the company at $5-6 billion, reported Bloomberg. It will be the world’s largest IPO this year. The tech company hopes to get half of the money from U.S. investors.

Line’s IPO is coming perhaps a bit too late. It filed an application to list in Tokyo almost two years ago, in July 2014, when the mobile messaging company was valued at $9.2 billion.

The problem with Line is slower user growth. Its monthly active users have been at around 200 million for a while now, and it has struggled to break into markets outside Japan. Tencent’s monthly active users, by comparison, have already reached 877 million.

Parent Naver Corp. (035420.Korea) has gained almost 3% in the last two trading days on news of Line IPO.

Source: Barron's Asia
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Re: Line IPO

Postby winston » Mon Jun 06, 2016 2:57 pm

Line Plans Double-listing in U.S., Japan Raising up to US$2B, Report Says

Japan's Line Corp., the company behind one of Asia?s most popular messaging apps, plans listing 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, Bloomberg reported.

The proposal may become the largest listing case this year in I.T. industry.

The Tokyo-based company aims to get about half the money from U.S. investors as it plots a long-term expansion there after pushing further into Southeast Asia.

Line is already profitable and it will make that a focus for investors when it begins a roadshow toward the end of this month.

Source: AAStocks Financial News
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Re: Line IPO

Postby winston » Sat Jun 11, 2016 7:15 am

Line Corp plans dual Tokyo, New York IPO, valuing firm at $5.5 billion

BY JUNKO FUJITA

Growth in its number of monthly active users has tapered having tripled over the past three years.

Last year, users numbers rose just 13 million to 218 million at the end of March


Line is the seventh-most used messenger app globally, far behind WhatsApp with 1 billion monthly active users and Messenger with 900 million, as well as WeChat with 697 million, showed data from researcher Statista.

It boasts the most users among messaging apps in Japan, but the only other markets it leads are Taiwan, Thailand and Turkmenistan


Last year, it booked revenue of 120.7 billion yen and a net loss of 7.6 billion yen, attributing the loss to the cost of closing an online radio company.

Line will set the final price of its shares on July 11 after gauging investor demand, with the aim of listing them on July 14 in New York and July 15 in Tokyo.


Source: Reuters

http://www.reuters.com/article/us-line- ... y%20Report
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Re: Line IPO

Postby winston » Tue Jun 28, 2016 1:40 pm

Messaging App Line On Track For $1B IPO: WSJ

By Shuli Ren

After delaying IPO pricing on Monday citing market volatility from Brexit, Japan’s messaging app operator Line Corp. is on track for an IPO in Tokyo and New York next month, The Wall Street Journal reported.

Line has set its price range for an IPO at 2,700 – 3,200 yen a share, or $26-31, valuing the company at 20 to 24 times historical earnings. At the top end of the price range, Line could raise $1.1 billion.

Line plans to offer 13 million new shares in Japan on July 15, and an additional 22 million in New York on July 14.

Line competes with China Tencent‘s (700.Hong Kong) WeChat and Facebook‘s (FB) whatsapp. It is a subsidiary of Korean Internet giant Naver Corp (035420.Korea).

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... b-ipo-wsj/
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Re: Line IPO

Postby behappyalways » Thu Jul 14, 2016 12:38 pm

Line: A guide to Japan's messenger giant
http://www.bbc.com/news/business-36710888
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Re: Line IPO

Postby winston » Thu Jul 14, 2016 10:55 pm

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Line Jumps in U.S. Trading Debut of Biggest 2016 Technology IPO

by Alex Barinka

Line Corp. rose in its U.S. trading debut after the Japanese messaging company raised more than $1 billion in the biggest technology initial public offering of the year.

Shares opened at $42, after pricing at $32.84 apiece.

Source: Yahoo Finance

http://finance.yahoo.com/news/line-jump ... 44485.html
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Re: Line (LN)

Postby winston » Fri Jul 15, 2016 9:40 am

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Line Corp.: Japan’s Facebook; Buy, Jefferies Sees 27% Upside

By Shuli Ren

Japan’s social messaging app Line Corp. will start trading in New York today under the ticker LN. Its Japan shares will start trading tomorrow morning in Tokyo under ticker 3938.Japan.

Line Corp. is a “winner-takes-all near-monopoly messaging platform in Japan,” said Jefferies‘ Atul Goyal, who started his coverage with a Buy and 4,200 yen price target, implying another 27% upside from the IPO price.

Line’s U.S. ADR is equivalent to 1 Japanese share, so the price difference would only be the exchange rate between the U.S. dollar and the yen. The yen fell sharply in afternoon trading, down 1.2% to 105.61, on more talk of helicopter money from the Bank of Japan.

Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... 27-upside/
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