Messaging app Line rockets 40% in opening US trade

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Messaging app Line rockets 40% in opening US trade

New York (AFP) – Shares in the messaging app Line, a hit in Asia, surged 40 percent in opening trade in New York Thursday in a market hungry for the newest technology IPO.

In early trade the shares rocketed to $43.70, or 4,620 yen, compared to the initial public offering price of 3,300 yen, or $31.20 early Thursday.

Japan-based messaging app Line kicks off a dual New York-Tokyo stock listing on July 14, 2016
Copyright AFP Toshifumi Kitamura

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