Why messaging app Line’s two-year wait for IPO cost it $4b in valuation

Why messaging app Line’s two-year wait for IPO cost it $4b in valuation

The logo of free messaging app Line is pictured on a smartphone in this photo illustration taken in Tokyo in this September 23, 2014. REUTERS/TORU HANAI

Line Corp. has finally pulled the trigger on an initial public offering after a two-year hiatus. That period of hesitation may have cost the messaging service $4 billion in valuation as Facebook Inc. began encroaching on its turf and markets cooled on technology company debuts.

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