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Messaging Startup Line Readies IPO

Messaging-app maker Line is planning to raise more than $900 million in a big, globe-spanning IPO. Listing in Tokyo as well as New York, the offering would value the startup at more than $5 billion, The Wall Street Journal reports. “Owned by South Korean internet company Naver Corp., Line, with 218 million monthly active users, operates Japan’s most popular mobile messaging app.”

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