Naver says files for Line IPO in Tokyo
Published on Jul 16, 2014 10:16 AM
SEOUL (Reuters) - South Korea's Naver Corp said on Wednesday its Japan-based messaging application subsidiary Line Corp has applied for an initial public offering at the Tokyo Stock Exchange.
Naver, in a regulatory filing, said it is considering a dual listing in Japan and the United States. It is also possible that it may only list in the United States, it added.
A person with knowledge of the matter told Reuters on Tuesday that Line applied for an IPO valued at over 1 trillion yen (S$12.2 billion) around two weeks ago at the Tokyo Stock Exchange.