Popular LINE application shares will be sold on Wall Street and Tokyo exchanges

There are roughly 200 million users of the extremely user friendly and versatile application known as LINE with the company planning on listing shares on the Tokyo and New York Stock exchanges this July, 2016. The company that developed the LINE application is looking to “raise more than $900 million (£624 million) from investors, which would value the firm at more than $5 billion”. That is nothing to shrug off.

The listing of LINE on Wall Street and Tokyo which is planned for July, could make LINE the world’s biggest technology initial public offering of 2016. Line is looking to raise funds to expand into the US and assist the company in competing with rivals such as Facebook Messenger, WhatsApp and China’s WeChat. LINE was first introduced in Japan in 2011 and is currently the most popular text messaging service in Japan, Thailand and Taiwan.