[Alpha Biz= Reporter Kim Sangjin] Line Pay Taiwan, a mobile payment service, announced on the 5th that it has been listed on the Taiwan Stock Exchange (TWSE), becoming the first company from Line's global services to be publicly traded.
The offering price was set at NT$508 per share (approximately KRW 22,179). On its first day of trading, the stock closed 0.2% higher at NT$509 (approximately KRW 22,223). The market capitalization reached NT$34.6 billion (approximately KRW 1.51 trillion).
Line Pay Taiwan, which began its service in August 2015, has steadily grown and now holds the position of the number one mobile payment service in Taiwan. It currently has over 12.7 million registered users, accounting for more than half of Taiwan's population. The company also boasts over 570,000 partner stores nationwide.
Additionally, Line Pay Taiwan has been profitable annually since 2021.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
