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

NEW YORK (AP) — Online streaming service Aereo says that it has filed for Chapter 11 bankruptcy protection, saying...
NEW YORK (AP) — Online streaming service Aereo says that it has filed for Chapter 11 bankruptcy protection, saying...
NEW YORK (AP) — Even casual viewers of online video will appreciate the ability to watch it on a big-screen TV...
SANTA CLARA, Calif. (AP) — Chip-making giant Intel Corp. is still struggling to catch up in mobile computing but...
ATLANTA (AP) — Not all selfies are created equal. Some are blurry, are poorly framed or miss the action entirely...