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[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.
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)
