Could Line Be the Biggest Tech IPO of 2016?
Line is poised to become the only publicly traded chat app. The Japan-born messaging platform, which became popular worldwide, is slated for an IPO this week.
Launched in 2011, Line is set to raise as much as $1.3 billion through this IPO, which could stand as the largest public debut of 2016 among technology companies. The company has more than 200 million active users.
Unlike one-trick ponies such as Snapchat—which has not yet figured out monetization and relies heavily on ads—Line nicely balances revenues from ads (35%), content (35%), and communications (22%). This diversity makes it an appealing prospect to users.
