News Brief


Japanese messaging app operator Line Corp applied for an initial public offering (IPO) valued at upwards of 1 trillion yen ($9.85 billion) around two weeks ago at the Tokyo Stock Exchange, a person with knowledge of the matter said.

Line, owned by South Korea’s Naver Corp, has tapped investment bank Nomura Holdings to manage the IPO, the person said, adding that the company is considering a dual listing in Tokyo and New York.

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