Line raises $1.1 bn in biggest tech IPO of 2016
Japanese messaging app Line raised around $1.1 billion from the dual listing, making it the biggest tech-IPO of the year. The company's stock opened almost 50% above their IPO price on the Tokyo Stock Exchange after the dual-stock offering's first part closed 26.6% above the opening mark in New York. With this, Line is reportedly valued at roughly $9 billion.