"Every smartphone user needs a messaging service, music service, and a gaming service, and they want a one-stop service. The shares will trade on the Tokyo Stock Exchange, and on the New York Stock Exchange as ADR depositary receipts under the ticker sign "LN". Sticker-characters "Line" up in front of the Line bus parked at the New York Stock Exchange on Wall Street an hour before trading began. Executives of messaging app Line ring the opening bell for their company's IPO at the New York Stock Exchange, as initial shares surged by a third in early trading. (AP photos)NEW YORK - Shares in the Asian hit messaging app Line, Thailand's favourite smartphone app, surged 40% in opening trade in New York Thursday in a market hungry for the newest technology IPO.

Source: Bangkok Post July 14, 2016 19:18 UTC