Naver-owned messaging platform Line is set to sell 13 million shares in Japan and 22 million shares in the US priced at $26.30 each for a dual listing.
Line, the Japan-based messaging platform owned by South Korea-based internet company Naver, is set to raise up to $1.05bn in its initial public offering next month, Reuters reported today.
As reported last week, the company will conduct a dual listing in New York and Tokyo. Line is aiming to offer 22 million shares in the US and 13 million shares in Japan, priced at ¥2,800 ($26.30) each.
Line has arranged an over-allotment option for up to 5.25 million in…
