Line Corporation, which owns and operates the Line social networking and instant messaging app, went public on Thursday, with share prices starting at US$42 on the New York Stock Exchange, up 33% from its initial public offering (IPO) of US$32.84.
Line Corporation then went public on Japan’s Tokyo Stock Exchange on Friday, and opened at 4,900 yen.
The public offering raised more than US$1 billion for the company.
The company is now valued at US$8.6 billion, after being valued at US$7 billion after the New York Stock Exchange closed on Thursday.