The messaging service has set its range at $26.50 to $31.50 per share, potentially raising $1.1bn when it floats in Tokyo and New York next month.
Line, the Japan-based messenger service owned by Korea-headquartered internet company Naver, set the range of its initial public offering at ¥2,700 to ¥3,200, or $26.50 to $31.50 per share yesterday.
The company will offer 22 million shares in New York on July 14 and a further 13 million shares in Tokyo the next day, potentially raising up to $1.1bn, slightly above the $1.05bn target size that Line was aiming for earlier this month.
Line has arranged an over-allotment option…
