14-07-2016 22:07 via feedproxy.google.com

The biggest tech IPO of the year soared in its debut (LN)

The largest initial public offering (IPO) in the tech sector this year had a solid start.
Shares of Line, a Japanese mobile-messaging app, jumped by as much as 30% in their debut on Thursday. The stock opened at $42 a share and had been priced at $32.84.
Line is putting up 22 million shares in New York, and 13 million shares on the Tokyo stock exchange. 
The company was expected to raise more than $1 billion in its debut.
It's been a relatively slow year for IPOs, and Line is only
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