IFLR1000

Line Corporation NYSE/TSE IPO

14/6/2016
IPO
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¥ 112.7 billion

$ 1.1 billion

Completed

14/6/2016

Overview:

  • Tokyo-based Line Corporation has undertaken a dual-listed IPO on the New York (NYSE) and Tokyo (TSE) stock exchanges.
  • Line is a mobile app operator owned by Korean internet company Naver.
  • The issue is expected to raise approximately ¥112.7 billion.
  • Goldman Sachs, Morgan Stanley, Nomura Securities and JPMorgan Securities acted as underwriters.
  • The IPO will be Japan's largest in 2016, and it will also be the largest technology deal since Alibaba's landmark 2014 IPO.
  • Line currently has 218 million users worldwide.

Wai Yee Tsang - Journalist

Jurisdictions:

United States
Japan

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing laws:

Japan
United States

Industry sectors:

Consumer goods and services
Technology and telecommunications

Firms:
Anderson Mori & Tomotsune

Party: Goldman Sachs (Underwriter)

Party: Morgan Stanley (Underwriter)

Party: Nomura Securities (Underwriter)

Party: JPMorgan Securities (Underwriter)

Cleary Gottlieb Steen & Hamilton

Party: Line Corp (Issuer)

Lawyers: Craig Brod, Jeffrey Karpf

Nishimura & Asahi

Party: Line Corp (Issuer)

Simpson Thacher & Bartlett

Party: Morgan Stanley (Underwriter)

Party: Nomura Securities (Underwriter)

Party: Goldman Sachs (Underwriter)

Party: JPMorgan Securities (Underwriter)

Lawyer: Alan Cannon

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