The IPO is expected to value Line at more than $5 billion, and the company is expected to raise... Line is also considering a dual listing in New York, and Nomura Securities and Morgan Stanley are among the lead managers for the IPO, the people said. TOKYO—Line Corp., which operates Japan’s dominant mobile-messaging application, is planning an initial public offering in Tokyo in July, according to people familiar with the matter.

Source: Wall Street Journal June 02, 2016 11:10 UTC