Mobile messaging giant Line reportedly files for U.S. IPO


Bloomberg reports Asian mobile messaging Line (#1 in Japan) has confidentially filed for a U.S. IPO. Morgan Stanley is said to be running the offering.

Line, controlled by South Korea's Naver (OTC:NHNCF), has already filed to go public in Tokyo, while reportedly aiming for a ~$10B valuation. Pursuing a simultaneous NYC offering would allow the company to tap into strong U.S. interest in mobile messaging plays - interested heightened by the Facebook/WhatsApp deal.

With 470M+ registered users (not the same as active users), Line appears to be the world's 3rd-most popular mobile messaging platform, behind WhatsApp (500M+ monthly active users) and Tencent's WeChat (396M MAUs at the end of Q1, with the lion's share in China).

Line had 2013 revenue of $338M, and Q1 revenue of $143M (up over 3x Y/Y).

Previous: Line reportedly prepping IPO

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Comments (4)
  • NLTInvestor
    , contributor
    Comments (394) | Send Message
     
    Nice. Going to buy on the IPO for a nice pop in all this IPO tech craze hah. Actually I've been to Asia and this is the only app they use. No WhatsApp no etc.
    18 Jul 2014, 07:11 PM Reply Like
  • Ron Myers
    , contributor
    Comments (255) | Send Message
     
    The app is awesome, stock will probably be several hundred percent overvalued but who knows.
    18 Jul 2014, 08:47 PM Reply Like
  • mstar991
    , contributor
    Comments (76) | Send Message
     
    I VE BEEN WAITING FOR THIS ! GO LINE ! WHO DOESN'T LOVE JAPANESE TEDDIES ???
    19 Jul 2014, 02:39 AM Reply Like
  • Patent News
    , contributor
    Comments (1475) | Send Message
     
    line is a scam and overvalued but who is counting anyways?
    19 Jul 2014, 07:11 AM Reply Like
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