Line raises share price range in advance of IPO
Line, the mobile messaging application known for its use of animated characters it calls stickers, has raised the proposed deal size for its upcoming IPO, Renaissance Capital reports. The Tokyo, Japan-based company now plans to raise $1.07 billion by offering 35 million shares at a price range of $28.50 to $32.50, about 5 percent higher than its previous range.
Canadian startups attracting more big VC rounds
Canada’s top 10 second-quarter venture financings attracted more than US $340 million from investors, up 60 percent from sums invested into the top 10 deals a year ago, according to PE Hub Canada. The two largest rounds went to DalCor Pharma, a developer of cardiovascular therapies, and Real Matters, a provider of real estate analytics software.
Via Venture Partners raises $150M for third fund
Via Venture Partners, a Denmark-based multi-stage investor focused on the Nordic countries, has raised $150 million for a third fund that will invest principally in software, technology and service companies.