For a firm that owes its success to a prescient bet on smartphones less than a decade ago, Line now envisions a post-smartphone era when people will control more of their digital gadgets with their voices.
TOKYO: Japan's Line Corp on June 28 set a price range for a Tokyo share sale that could value the messaging app operator at up to US$6.57bil (RM26.69bil), indicating strong demand for a firm that pitched itself as a stable investment rather than quick-growing startup.
Line, owned by South Korea's Naver Corp, set a tentative range of 2,700 yen (RM107.33) to 3,200 yen (RM127.22) a share. At the top of the range, Line could raise 129bil yen (RM5.12bil) from the sale of as many as 40.25 million shares.
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