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JUL 16, 2014 - Yahoo! News

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New York luster may lure Japan messaging app Line's IPO away from Tokyo

By Emi Emoto and Sophie Knight TOKYO/SEOUL (Reuters) - Tokyo may struggle to get a piece of a listing that could value Japan's social messaging service Line Corp at up to $20 billion, with bankers saying New York is a more likely venue as a base for global expansion to build on explosive growth at home. Line's parent company, Naver Corp of South Korea, said on Wednesday that Line had kicked off its listing process with a first application for an initial public offering in Tokyo. Line is keen to capture a global audience amid a land grab among messaging apps, with WhatsApp bought by ... Read More

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