Line, the biggest tech IPO of 2016, struggles to show its growth plan can work

TOKYO (By Yoshiyasu Shida and Thomas Wilson, Reuters) – In delaying its IPO by two years, Japanese messaging app company Line 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 shriveled.
Line’s initial public offering in the next three weeks is set to raise about $1 billion, which given a global drought of such deals could make it the biggest tech listing this year,