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

CUPERTINO, Calif. (AP) — Apple Inc. is expected to unveil new iPads at an event Thursday, as the company tries to...
CUPERTINO, Calif. (AP) — Apple Inc. is expected to unveil new iPads at an event Thursday, as the company tries to...
SAN FRANCISCO (AP) — This is a sequel that Netflix shareholders never wanted to see: The world's largest Internet...
LOS ANGELES (AP) — What looks like a mini space shuttle, can fly itself for millions of miles and goes by the name...
SAN FRANCISCO (AP) — Netflix's subscriber growth in the latest quarter lagged management's forecast as the...