Line messenger scores world's biggest tech IPO of 2016

            The japanese company whose line messenger is hugely popular is the fifth tech company to go public this year . Line messenger by japan company is the huge instant messenger which we haven't heard more. And on thursday japan company  placed world's biggest initial public offering of 2016.
          Line raised roughly $1.25 billion in its IPO, CNBC reports abd debuted on New york stock exchange at $42 per share,offering 22 million there and 13 million on tokyo share exchange.
         For comparison, facebook stocks closed at $38.23 after its first day on the stock market , while twitter post IPO valuation was $31 billion. Line which is like whatsapp than facebook and twitter makes money by selling stickers and games.
        The app was created by NHN japan, japanese subsidiary of south korean internet giant Naver . NHN japan employee developed this app to communicate with each other.
          It has been downloaded by over 600 million people. Its monthly user base is estimated about 220 million. It is the only fifth tech company to IPO this year and bt far biggest.