Competitor WhatsApp can raise $ 1 billion in IPO

               

São Paulo - The Japanese application Line messages released on Tuesday forecast the value of its initial public offering (IPO, the acronym in English). WhatsApp competitor can raise 1.09 billion dollars, about 112 billion yen.

In the IPO, the price range per share is expected between $ 26 and $ 31.

The company plans to list its shares on the New York Stock Exchange on July 14 and in Tokyo the next day.

In Japan, they will be offered 13 million shares and in the United States, 22 million.

The application of the IPO in Japan should be one of the largest since the IPO of Japan Post Holdings in November last year.