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  • 06.02.16

Japanese messaging app Line is reportedly going public in July 

Line is finally planning an IPO in Tokyo—and possibly New York—after two years of mulling it over, the Wall Street Journal reports. The company will probably raise $2 to $3 billion, and the IPO will reportedly value Line at about $5 billion

But that valuation number was even higher when Line first started considering going public. Since then, user growth has stagnated: Line has reported about 200 million monthly active users for the past year. PM