Tokyo (AFP) - Line, the popular messaging app launched in the aftermath of Japan's earthquake and tsunami, is set for an initial public offering as early as this year, a report said Thursday, after shelving plans for a listing in 2014.
The South China Morning Post has reported that Hong Kong Airlines is planning an initial public offering (IPO) worth $500 million denominated in both the Chinese Yuan (USDCNY) and the Hong Kong Dollar (USDHKD).
So the Facebook (FB) IPO is now complete. Zuckerberg has collected his billions, the underwriters took their (discounted) selling commission, investors have taken a bath, and the class action suits are already being filed.
The transaction was a disappointment by any objective measure.