LINE Corp (LN) IPO Opens Up 28%

Today's IPO for LINE Corp (NYSE: LN) opened for trading at $42 after pricing 35,000,000 shares of its common stock, consisting of 22,000,000 shares of common stock in the form of shares or American Depositary Shares (“ADSs”) offered in the United States and elsewhere outside Japan at a price to the public of ¥3,300 per share or $32.84 per ADS and 13,000,000 shares of common stock offered in Japan at a price to the public of ¥3,300 per share.

Morgan Stanley & Co. LLC, Nomura Securities Co., Ltd., Goldman Sachs Japan Co., Ltd. andJPMorgan Securities Japan Co., Ltd. are acting as the joint global coordinators for the global offering. Morgan Stanley & Co. LLC, Goldman, Sachs & Co., J.P. Morgan Securities LLC and Nomura Securities International, Inc. are acting as joint lead managers and bookrunners for the international offering.

LINE is a Japan-based mobile messaging and communication service company. The company's active user base has grown to 218 million monthly active users (“MAUs”) globally in March 2016. The company generated revenues of ¥39,586 million in 2013, ¥86,366 million in 2014, ¥120,406 million in 2015 and ¥33,456 million in the first three months of 2016.

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