SUMMARY
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Japan-based messaging app Line said it could raise more than $1.0 billion in one of the year’s biggest share sales, as it makes its market debut this week. The company, looking to expand on booming popularity among smartphone users in Asia, priced its shares at a top-of-the-range 3,300 yen ($32), suggesting strong demand for the sale. Based on that price, the initial public offering will raise 115.5 billion ($1.14 billion) through the sale of 35 million shares. An option to sell more shares could put the IPO on course to raise a total of $1.3 billion.
Read the full story on Rappler Technology.
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