An Interest In:
Web News this Week
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
- March 24, 2024
- March 23, 2024
Some of Our Sources
- Techcrunch
- Smashing Apps
- TutsPlus - Design
- Vandelay Design
- Line 25
- Wal You
- Specky Boy
- Codrops
- Daily Now
- TechPowerUp
Help Webnuz
Referal links:
October 24, 2013 10:14 pm GMT
According to Nikkei, Line, a popular messaging and call service, intends to go public in 2014 on the Tokyo stock exchange. The company is expected to go public at a valuation between $800 million USD and $1 billion. According to Serkan Toto, Line has 270 million registered users. It isn’t clear what percentage of that user base is active on a monthly basis. Twitter, a company that is also set to go public shortly, has around 230 million monthly active users. The comparison matters are both mobile-focused communications applications. And Twitter could go public at an IPO valuation of as high as $20 billion, if scuttlebutt is to be believed. We can’t be too perfectly sure, but it would seem that Twitter is being valued much higher on a per-user basis. Line as a company has been at the forefront of the rising profile of so-called ‘over-the-top’ (OTT) messaging services that have quickly grown in recent years. Others include Viber andKakaoTalk. Essentially, they replace the native SMS and call capabilities that come in smartphones. It has become a massive market. Line’s 270 million users are only a fraction of the larger OTT communications market.When Line goes public, it could clear the way for other OTT applications to follow suit. Top Image Credit:Joi Ito
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/VXu9NrV2GRo/
Messaging App Line To Go Public In 2014 On The Tokyo Exchange, Report Says
According to Nikkei, Line, a popular messaging and call service, intends to go public in 2014 on the Tokyo stock exchange. The company is expected to go public at a valuation between $800 million USD and $1 billion. According to Serkan Toto, Line has 270 million registered users. It isn’t clear what percentage of that user base is active on a monthly basis. Twitter, a company that is also set to go public shortly, has around 230 million monthly active users. The comparison matters are both mobile-focused communications applications. And Twitter could go public at an IPO valuation of as high as $20 billion, if scuttlebutt is to be believed. We can’t be too perfectly sure, but it would seem that Twitter is being valued much higher on a per-user basis. Line as a company has been at the forefront of the rising profile of so-called ‘over-the-top’ (OTT) messaging services that have quickly grown in recent years. Others include Viber andKakaoTalk. Essentially, they replace the native SMS and call capabilities that come in smartphones. It has become a massive market. Line’s 270 million users are only a fraction of the larger OTT communications market.When Line goes public, it could clear the way for other OTT applications to follow suit. Top Image Credit:Joi ItoOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/VXu9NrV2GRo/
Share this article:
Tweet
View Full Article
Techcrunch
TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.More About this Source Visit Techcrunch