Naver says files for Line IPO in Tokyo

SEOUL, July 16 Tue Jul 15, 2014 10:03pm EDT

SEOUL, July 16 (Reuters) - South Korea's Naver Corp said on Wednesday its Japan-based messaging application subsidiary Line Corp has applied for an initial public offering at the Tokyo Stock Exchange.

Naver, in a regulatory filing, said it is considering a dual listing in Japan and the United States. It is also possible that it may only list in the United States, it added.

A person with knowledge of the matter told Reuters on Tuesday that Line applied for an IPO valued at over 1 trillion yen ($10 billion) around two weeks ago at the Tokyo Stock Exchange. ($1 = 101.5300 Japanese Yen) (Reporting by Se Young Lee and Joyce Lee; Editing by Edwina Gibbs)

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