Line prices IPO, could raise up to USD 1.3 bln

(Telecompaper) Line said it will sell 35 million shares for its initial public offering (IPO), setting the price at JPY 3,300 per share. It will also offer a greenshoe of 5.25 million, taking the total raised to JPY 132.8 billion (USD 1.3 billion). At the IPO price, the company is valued at about USD 6.9 billion and will be the biggest technology debut of the year, Bloomberg reported.