Messaging company Line denies it is planning an IPO – which probably means it is planning an IPO

Messaging company Line denies it is planning an IPO – which probably means it is planning an IPO ...

shutterstock_129386636 (1)Last week we reported that mobile messaging firm Line is gearing up for an IPO and, following a fresh report from Japanese news agency The Nikkei yesterday, the company has come forward and released a statement in denial of the rumors.

The statement is in Japanese, but TNW has an English version: “There are many options in terms of company management, but we have not made any concrete decisions at this stage.”

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The Nikkei claims Line is aiming to go public on the Tokyo stock exchange in summer 2014, with a potential valuation of 800 billion-1 trillion yen, that’s around US$8 billion-US$10 billion. The report is paywalled, but the Serkan Toto has the key details on his blog.

Is this one of those cases where an official denial seems to confirm the rumors?

➀ Line press statement [Japanese]

Related: How can a mobile messaging service be worth $28 billion?

Headline image via  / Shutterstock

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