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JUL 15, 2014 - Yahoo! News

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Japan messaging app Line files for IPO valuing firm at over $10 billion: source

By Emi Emoto and Sophie Knight TOKYO (Reuters) - Japanese messaging app operator Line Corp applied for an initial public offering (IPO) that is likely to value the company at over 1 trillion yen ($9.85 billion) around two weeks ago at the Tokyo Stock Exchange, a person with knowledge of the matter said on Tuesday. Line, owned by South Korea's Naver Corp, has hired Nomura Holdings Inc and Morgan Stanley to manage the IPO in Tokyo and is also considering listing in New York, the person said. An IPO would come amid a land-grab in the messaging app space, with Whatsapp recently snapped up by ... Read More

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