Line's IPO price range indicates strong demand, values firm at up to $6.6b

Line's IPO price range indicates strong demand, values firm at up to $6.6b

A woman walks past the logo of Line Corp at the company's headquarters in Tokyo, Japan June 2, 2016. REUTERS/Toru Hanai/File Photo

Japan’s Line Corp on Tuesday set a price range for a Tokyo share sale that could value the messaging app operator at up to $6.57 billion, indicating strong demand for a firm that pitched itself as a stable investment rather than quick-growing startup.

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