Line declines after quarterly profit, sales miss estimates

Jan 26, 2017

Line declines after quarterly profit, sales miss estimates

Line Corp. posted its biggest drop yet as analysts cut ratings after fourth-quarter profit and revenue that missed estimates. The stock finished more than 10 percent lower at ¥3,755 in Tokyo on Thursday, the steepest decline since listing in July. Line’s operating profit of ...

Nov 9, 2016

Line sticks to Asia market despite splashy IPO

It staged one of the year’s biggest IPOs but messaging app Line, while a huge draw among teens in Asia, says it has no big ambitions to take on Western giants such as Facebook on their home turf. The Japan-based company known for its ...

Jun 28, 2016

Line shoots for ¥112 billion IPO amid market tumult

Line Corp., Japan’s most popular mobile-messaging service, and its owners are aiming to raise as much as ¥112 billion in what could become the biggest technology initial public offering globally this year. Backed by South Korean search portal Naver Corp., Line and its existing ...

Mobile message app Line eyes listing on TSE in July

Jun 1, 2016

Mobile message app Line eyes listing on TSE in July

Mobile messaging service provider Line Corp. will likely make its debut on the Tokyo Stock Exchange in July, with the bourse set to soon approve the listing, sources said Wednesday. Line is expected to have a market capitalization of around ¥600 billion when it ...