Naver says Line messenger app mulls IPO

Published July 16, 2014 8:52am ET



SEOUL, South Korea (AP) — Line Corp., the operator of a popular mobile messaging app, has submitted an IPO application to the Tokyo Stock Exchange but might also seek a New York listing, its parent company Naver Corp. said Wednesday.

Naver, South Korea’s largest Internet company, said the plan for an initial public offering in Tokyo is not final. Line, which is also the name of the app, could list in either New York or Tokyo, or both.

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