According to Nikkei (http://e.nikkei.com/e/ac/tnks/Nni20131024D2410F04.htm), Line, a popular messaging and call service, intends to go public in 2014 on the Tokyo stock exchange. The company is expected to go public at a valuation between $800 million USD and $1 billion.
According to Serkan Toto (http://www.serkantoto.com/2013/10/25/nikkei-line-public-ipo/), Line has 270 million registered users. It isn't clear what percentage of that user base is active on a monthly basis. Twitter, a company that is also set to go public shortly, has around 230 million monthly active users. The comparison matters are both mobile-focused communications applications.
And Twitter could go public at an IPO valuation of as high as $20 billion, if scuttlebutt is to be believed. We can't be too perfectly sure, but it would seem that Twitter is being valued much higher on a per-user basis.
Line as a company has been at the forefront of the rising profile of so-called 'over-the-top' (OTT) messaging services that have quickly grown in recent years. Others include Viber and KakaoTalk. Essentially, they replace the native SMS and call capabilities that come in smartphones.
It has become a massive market. Line's 270 million users are only a fraction of the larger OTT communications market. When Line goes public, it could clear the way for other OTT applications to follow suit.
Top Image Credit: Joi Ito (http://www.flickr.com/photos/joi/)
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Source: Messaging App Line To Go Public In 2014 On The Tokyo Exchange, Report Says (http://feedproxy.google.com/~r/Techcrunch/~3/VXu9NrV2GRo/)