BUSINESS

LINE stock jumps 52% from offer price in Tokyo

By Kim Young-won
  • Published : Jul 15, 2016 - 10:55
  • Updated : Jul 15, 2016 - 14:01
[THE INVESTOR] After its debut on the Tokyo Stock Exchange on July 15, LINE Corp.’s share soared around 52 percent to 5,000 yen (US$47.40) from its offer price of 3,300 yen, as of 10:39 a.m. The opening price stood at 4,900 yen. 

A Line character shop in Seoul / The Investor

Trading of the company’s share in Tokyo was a bit delayed early in the morning as buyers outnumbered sellers around four times.

Line is the mobile messenger service operator owned by Korean Internet portal giant Naver (chairman Lee Hae-jin).

(theinvestor@heraldcorp.com)