Congratulations to our technical partner : LINE
Fresh from a positive listing in New York on Thursday, messaging company Line saw its share price jump as high as 50 percent after it listed on the Tokyo Stock Exchange in its native Japan. In total, the company raised over $1.1 billion from the dual listing, which makes it the biggest tech IPO of 2016 to date.
The company opened at $42 on the NYSE, up 33 percent on its list pricing, and it closed the day at $41.58. Its share price in Japan, which is its largest market and responsible for 90 percent of revenue, jumped to 5,000 JPY from an opening price of 3,300 JPY before settling to around 4,405 JPY.