Line Corp. Applies for IPO

Line Corp. – a company on Triton Research’s IPO Watchlist – applied for an initial public offering valued at nearly $10 billion.

Line, the developer of a popular Japanese messaging app, is owned by South Korea’s Naver Corp.  The company reportedly hired Nomura and Morgan Stanley to manage the IPO in Tokyo and is also considering listing in New York. Line reported revenue of $508 million, in 2013.