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Line IPO Pops, Should Leave Facebook’s Zuckerberg Smiling — Tech Roundup

The Japan-based Line (LN) had what many would consider a successful first day of trading. After pricing at $32.84, the stock quickly jumped, ending the day at $41.53, good for a climb of 26.5%.

Previously, in late-June, the mobile-messaging company priced its IPO in the range of $26.30 to $31.17, which implied a valuation of up to $6.57 billion. Demand was strong, which boosted the price and then investors...