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Line Opens Trading up 29% In Encouraging Sign for Tech IPOs

Japan's most popular messaging app, Line (LN) , debuted on the New York Stock Exchange Thursday at $42 a share, 29% above its offering price. The opening price values the company at about $8.8 billion, including the value of shares that will be offered in Japan, andis a positive sign in what's been a weak market for tech IPOs.

The offering will raise as much as $1.3 billion for the company, making it...


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