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LINE social platform aiming for 2014 IPO - report

LINE social platform aiming for 2014 IPO - report

October 28, 2013 | By Mike Rose




Newsbrief: LINE Corp, the Japanese company behind the LINE Game Platform, is set to go public at the Tokyo Stock Exchange next year, according to media reports.

The company, previously known as NHN Japan and best known for its incredibly popular LINE social network, is exploring a possible IPO with an expected market cap of 800 billion to 1 trillion yen ($8.2-10.2 billion), according to Japanese newspaper Nikkei, and as translated by industry veteran Serkan Toto.

LINE's rise to social platform power has been rapid. Compared to the 40 million registered users it has last June, the company now has 270 million registered users -- 48 million of these are based in Japan.


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