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Naver says files for Line IPO in Tokyo

Published on Jul 16, 2014 10:16 AM
 
Takeshi Idezawa, chief operating officer of Line Corp, speaks during an announcement of its new service in Tokyo in this Feb 26, 2014 file photo. 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. -- PHOTO: REUTERS

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.

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