Line application to determine the spread of the proposed issue price range is expected to exceed 1

Posted On Mar 5 2017 by


technology news Beijing time on June 29th afternoon message, according to "the Wall Street journal" reported that related to informed sources, the Japanese Line chat application listed in Tokyo and New York next month to determine the issue price range of 2700 to 3200 yen (26 to 31 U.S. dollars).

the issue price range will allow Line to raise up to 112 billion yen ($1 billion 90 million), which will hit the IPO this year, the first round of public offering of financing the most.

Line will be listed on the Tokyo stock exchange in July 15th, issued a total of 13 million new shares. At the same time, the company will also be listed on the New York stock exchange in July 14th, issued a total of 22 million ordinary shares. In addition, there are 5 million 250 thousand Line green shoe option, if the full exercise of the right to over allotment, the current round of IPO financing will reach $129 billion. (CE)

Last Updated on: March 5th, 2017 at 11:05 pm, by

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