Join us at TNW Conference 2021 for insights into the future of tech →

The heart of tech

This article was published on October 25, 2013


    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
    Jon Russell
    Story by

    Jon Russell

    Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on T Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on Twitter, Angel List, LinkedIn.

    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.”

    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?

    ➤ Line press statement [Japanese]

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

    Headline image via  / Shutterstock