Author Topic: Messaging App Line To Go Public In 2014 On The Tokyo Exchange, Report Says  (Read 194 times)

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According to Nikkei, 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, 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



Source: Messaging App Line To Go Public In 2014 On The Tokyo Exchange, Report Says

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