Deals
Line Jumps in U.S. Debut of 2016’s Biggest Technology IPO
- Shares climb as high as $44.49 after pricing at $32.84 apiece
- Japanese messaging company will begin trading in Tokyo Friday
Line Jumps in U.S. Debut as Investors Cheer IPO
This article is for subscribers only.
Line Corp. surged 27 percent in its U.S. trading debut after the Japanese messaging company raised more than $1 billion in the biggest technology initial public offering of the year.
The shares, which were priced at $32.84 each, climbed $8.74 to $41.58 at the close in New York, giving the company a market value of about $8.7 billion.