Line gets ready for biggest tech IPO, but fails to show convincing growth plan

A man walks a screen showing Line character at the Line Corp’s headquarters in Tokyo, Japan June 2, 2016. (Source: Reuters)
In delaying its IPO by two years, Japanese messaging app company Line Corp bought time to correct weak financial reporting controls, work on its business plan, bolster staffing – and left billions of dollars on the table as its valuation shrivelled.
Line’s initial public offering in the next three weeks is set to raise about $1 billion, which given a glob