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Line hikes IPO range to JPY 2,900-3,300 per share

2016-07-05 09:25:00| Telecompaper Headlines

(Telecompaper) Japanese messaging-app operator Line has raised the price range for its initial public offering (IPO) to JPY 2,900-3,300 (USD 28.50-32.50) per share, from 2,700-3,200, citing strong demand, the Wall Street Journal reported. The IPO could now raise up to USD JPY 115.5 billion (USD 1.12 billion), from its previous estimate of JPY 112 billion, or even JPY 133 billion, if all greenshoe share are sold. The final price will be set on 11 July.

Tags: line range share ipo

Category:Telecommunications

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