This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers. To learn more and subscribe, please click here. Popular Japanese chat app LINE announced on Monday that its dual Japan-US public listing could raise more than $1.1 billion, according to TechCrunch. At the time of writing this article, the price of shares had reached $32 (3,300 Yen). If these prices remain, LINE's IPO will be the biggest tech listing of 2016 thus far. In 2015, LINE generated roughly $1 billion in revenue, making it one of the most lucrative app developers in the industry. The company generates revenue through four primary segments: stickers, games, advertising, and merchandise/licensing of...
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