Naver says no 2014 IPO for messaging app subsidiary Line

SEOUL (Reuters) - South Korean internet portal operator Naver Corp said on Monday that subsidiary Line Corp has ruled out a 2014 initial public offering, introducing more uncertainty about the messaging app operator's fundraising plans. Naver, in a regulatory filing, reiterated that Line is still considering whether to seek a single listing in Japan or in the United States. Line could also seek a dual listing in both countries, Naver said, without elaborating further on Line's plans. ...



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