2oceansvibe News | South African and international news

Sponsored by RSAWeb rss
2ov Radio
  • Home
  • About
    • Terms and Conditions
    • Seth Rotherham
  • du Cap Collection
  • Café du Cap
  • Cabine du Cap
  • Media Packs / Advertising
  • Contact
    • Contact
    • Anonymous Tips
    • Twitter
    • Facebook
Seth Rotherham
  • The Biggest Tech IPO Of 2016 Is About To Happen – And It’s Not American

    07 Jun 2016 by Kiernan in Business, Money, Tech/Sci
    Related Posts
    • Europe Has A New Richest Millennial
    • Your Chance To Be A Professional Spooner With SA’s New Cuddling Consultancy
    • White People Can Forget About Being Employed At Dis-Chem
    • Four-Day Workweek Talk Gathering Momentum In SA
    • There's Now An Airbnb-Style Site To Rent Out Your Swimming Pool

    We’ll start nice and simple here folks, an IPO (Initial Public Offering) is the first sale of a company’s stock to the public – either to raise capital or to begin trading as a public company.

    Now that we’ve got that out the way let’s talk about Japan’s Line Corp., the company behind one of Asia’s most popular messaging apps. They’ll be going public mid-July or so, with the aim of raising between $1 and $2 billion.

    That makes this the biggest tech IPO of the year, with this below from Bloomberg:

    The Tokyo-based company aims to get about half the money from U.S. investors as it plots a long-term expansion there after pushing further into Southeast Asia, said the people [familiar with the matter], asking not to be identified because the matter is private…

    No business has raised more than $150 million in a technology IPO in 2016, even though more than 160 private companies are currently valued at $1 billion or more.

    For an indication on just how things are slowing down in terms of IPOs for tech companies check these figures:

    Global tech companies raised about $900 million in the first quarter of this year, down from $6.5 billion during same period in 2014 and $2.8 billion in the first quarter of last year.

    Then a little more on Line’s highly successful messaging app:

    ipoline2

    The firm reported revenue of 120 billion yen in 2015, growing by 40 percent from the year prior.

    It had 215 million monthly active users at the end of last year, implying that on average it earned $5.10 from each user last year…

    At $5 billion to $6 billion, Line would be valued at 4.5 times to 5.4 times its 2015 sales, according to Bloomberg estimates. That’s cheaper than Facebook’s price-to-sales ratio of 11.4 times, based on revenue estimates. It’s also cheaper than Tencent’s 8.7 times ratio, but more expensive than Twitter’s 3.6 times ratio.

    When you’re a tech company and you’re being mentioned in the same breath as Facebook and Twitter you must be doing something right.

    [source:bloomberg]

    • ← Kate Moss And Her Daughter On The Cover Of Vogue
    • How Much Evidence Does A Woman Need? Friend On The Phone When Depp Allegedly Hit Amber Heard →
    • Tweet
    • Tags:
    • Business
    • initial public offering
    • ipo
    • messaging app
    • Tech company

    Latest News

    • Death Goes Vegan – Human Composting, A Green Alternative?

      Nobody wants to think about death on a Monday morning (depending on how hard you partied o...

    • Glider Pilot ‘Lands’ On Mountain Slope

      [imagesource:needpix] We have to admit that it's not often you hear of a pilot landing ...

    • Woolies Klaps Back, But Have They Read This Report?

      [imagesource:woolworths] It was only last week that South Africans had a confused chuck...

    • A Zoo Is Allowing You To Name A Cockroach After An Ex And Feed It To An Animal This Valentine’s Day

      [imagesource: San Antonio Zoo] Whether it's sweet revenge, a wish that your ex will qui...

    • You Gotta Love The Dutch – Fascinating Timelapse Of A 7 000-Bicycle Underwater Parking Garage Being Built [Video]

      [imagesource:needpix&dutchcyclingacademy.com] The Dutch have never been afraid of a...


    • 2oceansvibe Partners

    • CONTACT US
    • GOT A HOT STORY?
    • 2oceansvibe Radio
    • 2oceansvibe Media
    • Media Pack
    • Seth Rotherham
    • Café du Cap
    • Cabine du Cap
    • Cape Town City Accommodation
    • Terms & Conditions
    • Business
    • Media
    • Entertainment
    • Tech/Sci
    • World
    • Travel
    • Lifestyle
    • Sport
    • Politics
  • Follow

    2oceansvibe.com is part of the 2oceansVibe Media Group

    DMMA Logo