Line Reportedly Considering An IPO
Line is a popular Japan-based mobile messaging app that is considering an initial public offering (IPO) by the end of the year. If this occurs, it could be potentially bigger than the Twitter IPO. Line would go public on either the Nasdaq or Tokyo Stock Exchange.
The deal could be worth as high as $28 billion, which is $8 billion more than the high end of Twitter’s IPO. Line has 73 million monthly active users and they launched in 2011.
Line also has 215 million registered users and is expected to hit 300 million by the end of 2013. Twitter mentioned Line as “Competition” in their S-1 filing. Line’s Q2 revenues was $132 million.
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry