Tech Headlines

News > Technology > Tech Headlines > Naver says Line messenger app mulls IPO

Naver says Line messenger app mulls IPO

SEOUL, South Korea (AP) — Naver Corp. says its subsidiary Line Corp. that operates a popular mobile messaging app is considering listing its shares in Tokyo or New York. Naver, South Korea's largest Internet company, said Wednesday that Line messaging app could sell shares in an initial public offering in both Japan and the U.S. It confirmed earlier media reports that Line has submitted an IPO application to Tokyo Stock Exchange. But Naver said the IPO decision is not final. The move highlights the growth of Asian mobile messaging apps. As of last month, Line had more than 450 million users. It has tens of millions of users in Japan, Thailand, Indonesia and Spain. Internet giants such as Facebook and Rakuten have snapped up messenger apps to expand in the mobile market.

Tech Headlines

MANILA, Philippines (AP) — Philippine police have arrested eight suspected members of an online extortion ring...
NEW YORK (AP) — What if Michael Brown's last moments had been recorded? The fatal police shooting of the unarmed...
WASHINGTON (AP) — Construction to upgrade North Korea's main rocket launch pad should be complete by this fall,...
NEW YORK (AP) — In revamping its prices and plans this week, Sprint is joining Verizon and AT&T in letting...
BERLIN (AP) — SoundCloud said Thursday that it will start paying artists and record companies whose music is...