Japan's mobile app Line reviving IPO plans
Line, the popular messaging app launched in the aftermath of Japan's earthquake and tsunami, is set for an initial public offering as early as this year, a report said Thursday, after shelving plans for a listing in 2014. Line applied in mid-2014 for a share sale in Japan, and said it was eyeing a US listing as well. The company, which claims more than 400 million registered members in Japan and other parts of Asia, lets users make free calls, send instant messages and post photos or short videos. Best known for letting users send each other cute cartoon "stickers", Line is hugely popular in Japan, particularly among teenagers.
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