japan-based company: Priced at the high end of its original estimates amid heavy demand, the Japan-based company raised about $1.3 billion in the share flotation, according to Deutsche Welle. It will also begin trading in Tokyo on Friday, with about 35 million shares to be issued in total by the end of the week. Shares rocked from their initial price of $31.20 to $43.70 before cooling down a bit to $42.94. A 'lifestyle platform' Owned by South Korean Internet provider Naver, Line is widely used in East and Southeast Asia, as well as in Spain and Mexico. It offers a host of other services as well, such as games and a mobile payment service. Similar to Facebook Messenger and Whats App, the app allows users to make free calls, send no-charge instant messages and post photos or short videos.
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