Korean messaging app – Line, now spread globally is reportedly preparing for Initial Public Offering and could be valued around $28 billion, which comes around 30 trillion KRW).
First reported by MT, a Korean News site, the company might list its IPO at Japan’s Tokyo Stock Exchange and it is also possible that it might come to US’s NASDAQ, where many tech companies reside. With 230 million registered users and 73 million timeline feature users per month, the 2 year old app recorded $132 million in 2nd quarter revenue this year, where every month $10+ million comes from sticker sales and around $27 million from integrated gaming apps.
Apart from its core messaging feature, the Line app has 50+ connected apps in Google Play as well as iOS App Store, which have 300 million downloads together. Japan itself contributed more than 45 million registered users, more than half of Internet users of Japan. Line user base in Taiwan and Thailand are close to the Facebook user base – 17 million & 18 million respectively. Like WhatsApp and We Chat, Line also is a tough competitor to Facebook in Asian countries.
Although we can’t judge a company by its fate, the early revenue generation for a 2-year old company can be a good sign or can make itself as a bubble, which booms and finally pops out without trace. But, to overcome the future problems, the company has already spread its wings towards the offline toys and merchandising business, which already made approximately $40 million in revenue till date. We wish the success to the app makers, what is your view? Will Line survives out of all hurdles it faces and rise as a much greater tech company?