Tokyo, Japan – June 10, 2016 – The Tokyo Stock Exchange, Inc. approved today a new listing of shares of common stock of LINE Corporation. LINE Corporation also plans to file a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the “SEC”) on June 10, 2016 (New York time) for a proposed initial public offering in the United States, which is to be made in connection with a new listing of American Depository Shares (“ADSs”) representing shares of its common stock on the New York Stock Exchange.
LINE Corporation expects the listing of its ADSs on the New York Stock Exchange to occur on or around July 14, 2016 (EST) and the listing of its shares on the Tokyo Stock Exchange to occur on or around July 15, 2016 (JST), subject to approvals by relevant authorities, the declaration of effectiveness of the registration statement by the SEC and the completion of other necessary procedures, as well as market conditions.
LINE Corporation has made the decision to go public in both Japan and the United States to further enhance its strong position in Asia and to continue a more active global expansion.
This press release has been prepared for the sole purpose of announcing the approval for listing of shares on the Tokyo Stock Exchange and the planned listing of ADSs on the New York Stock Exchange, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. Investors should carefully review the prospectus, and any amendment thereto (if any), prepared by LINE Corporation concerning the offering of shares, which can be obtained from the underwriters, prior to making any investment decision in connection with the offering of shares of common stock of the company resolved at the board of directors meeting of LINE Corporation on June 10, 2016.
This press release does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (“the Securities Act”). If any public offering of securities is made in the United States, an English prospectus prepared pursuant to the Securities Act will be used, which may be obtained from LINE Corporation and will contain detailed information about the company and management, as well as financial statements. LINE Corporation intends to register a part of the proposed offering under the Securities Act in order to offer securities in the United States. No English prospectus will be delivered within Japan or to any Japanese residents.