Line Is the Biggest Tech IPO of the Year. It Sells Stickers

Japanese messaging company Line went public today. It’s a service that’s widely used in parts of Asia. It has 200 million monthly active users, which isn’t bad, but is also nowhere near the 1 billion boasted by Facebook’s WhatsApp. It makes money by selling games and in-app stickers. And guess what: It’s the biggest tech IPO so far this year.