Japanese chat app Line soars in New York-Tokyo dual listing

Japan's Line Corp saw its shares rocket on their Tokyo debut on Friday, extending a strong start in New York the day before, and taking the messaging app operator's value to $8.6 billion in the year's biggest tech IPO. Line opened at 4,900 yen on the Tokyo Stock Exchange, 48.5 percent above the initial public offering (IPO) price of 3,300 yen, thanks to demand from investors hungry for a rare chance to invest in a tech startup. "That was a very smooth start," said Hiroyuki Fukunaga, chief execut