■Taiwan’s leading mobile payment provider successfully debuted on the Taiwan Stock Exchange (TWSE), closing the day up 0.2% to NT$509 per share
■IPO makes LINE Pay Taiwan the first global LINE service to be officially listed, marking a significant milestone for the wider group
■Listing demonstrates how LINE Pay is transforming from a payment provider into a global payment marketing platform
■IPO makes LINE Pay Taiwan the first global LINE service to be officially listed, marking a significant milestone for the wider group
■Listing demonstrates how LINE Pay is transforming from a payment provider into a global payment marketing platform
TAIPEI, Taiwan – December 5, 2024 – LINE Pay Taiwan Limited today became the first global LINE service to be officially listed on a stock exchange, joining the Taiwan Stock Exchange (TWSE) with an initial public offering price of NT$508 (US$15.67)¹ per share. The company closed the day at NT$509, a 0.2% increase, giving LINE Pay Taiwan a market capitalization of NT$34.6 billion (US$1.07 billion)¹.
Since launching in August 2015, LINE Pay Taiwan has grown steadily, becoming the leading mobile payment provider in Taiwan with over 12.7 million registered users — more than half of Taiwan’s population. The company also has over 570,000 points of sale across the country, three times more than the biggest acquiring banks, and has turned a profit each year since 2021.
With its public debut on the Taiwan Stock Exchange, LINE Pay Taiwan aims to transform from being a payment provider into a global payment marketing platform.
“As part of our future strategy, we will further expand the LINE Pay ecosystem by focusing on cross-border payments in both inbound and outbound businesses,” said Woong-ju Jeong, chairman and CEO of LINE Pay Taiwan. “While strengthening our domestic services, LINE Pay Taiwan plans to venture into overseas markets to explore new business opportunities.”
[1] Exchange rate: US$1=NT$32.42, as of December 5, 2024
With its public debut on the Taiwan Stock Exchange, LINE Pay Taiwan aims to transform from being a payment provider into a global payment marketing platform.
“As part of our future strategy, we will further expand the LINE Pay ecosystem by focusing on cross-border payments in both inbound and outbound businesses,” said Woong-ju Jeong, chairman and CEO of LINE Pay Taiwan. “While strengthening our domestic services, LINE Pay Taiwan plans to venture into overseas markets to explore new business opportunities.”
[1] Exchange rate: US$1=NT$32.42, as of December 5, 2024
■ About LINE Pay Taiwan
LINE Pay Taiwan Limited is a provider of e-wallet and fintech services. Launched in 2015, LINE Pay strives to become a leader in the fintech industry for the mobile generation by actively promoting cashless payments and e-wallet services, aiming to bridge the gap between user needs and financial payment solutions.