Bubbly debut on the Stock Exchange for Line, a Japanese messaging app born in 2011 and now widespread in 230 countries. Shares of the company, which belongs to the Korean giant Naver, debuted yesterday with a +27% on the New York exchange and today recorded a 48% jump in the first section of the Tokyo Stock Exchange, reaching 4.900 yen from 3.300 in placement price. On the highs of the day, the share had touched 5 thousand, to then partially retrace on realizations.
The downpour of sales on Line shares confirms the return of interest in technology sector stocks, especially if focused on online for consumers.
Another proof of this renewed market attention is the performance of the Nintendo stock, which today closed its best week since its placement (which dates back to 1983), driven by the extraordinary success of the new pokemon go mobile video game.
