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Line Said to Work With Nomura, Morgan Stanley on IPO
Line Corp., a mobile messaging application operator, is working with Nomura Holdings Inc. (8604) and Morgan Stanley to prepare for an initial public offering as soon as November, people with knowledge of the matter said.
Line, based in Tokyo and controlled by South Korea’s Naver Corp. (035420), is considering listing on the Tokyo Stock Exchange and either the New York Stock Exchange or Nasdaq, according to the people, who asked not to be named as the matter is private.
The operator of Japan’s most popular mobile messaging application may have a market value of more than 1 trillion yen ($9.8 billion)