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Line debuts about 30 percent higher than initial price

The largest IPO of the year has just launched.

This photo taken on July 12, 2016 shows a customer entering the Line Friends shop in Tokyo's Harajuku district. Japan-based messaging app Line kicks off a dual New York-Tokyo stock listing later on July 14, 2016 after one of the year's biggest initial public offerings. The company, looking to expand on booming popularity among smartphone users in Asia, priced its shares at a top-of-the-range 3,300 yen (32 USD), suggesting strong demand for the sale. 
This photo taken on July 12, 2016 shows a customer entering the Line Friends shop in Tokyo's Harajuku district. Japan-based messaging app Line kicks off a dual New York-Tokyo stock listing later on July 14, 2016 after one of the year's biggest initial public offerings. The company, looking to expand on booming popularity among smartphone users in Asia, priced its shares at a top-of-the-range 3,300 yen (32 USD), suggesting strong demand for the sale. 
TOSHIFUMI KITAMURA/AFP/Getty Images

The emoji-friendly messaging company Line started trading on the New York Stock Exchange Thursday morning, opening at $42 a share— nearly 30 percent more than its initial offering of $32.84.  It closed at $41.58, giving it a market value of around $8 billion. 

Line is one of several massively popular messaging apps that many Americans have likely never heard of. They command large, dedicated audiences in Asia, and on their face they seem identical. Free international calling and texting, along with some commerce. But apps like WeChat and Line go so much further, letting users get rides, buy movie tickets, make doctors appointments and pay bills.  Some of the most innovative American tech companies — Snapchat, Facebook, Apple and Google — are trying to replicate these messaging apps’ success with their own.

The whole business can be pretty confusing, so we’ve compiled a list of the major ones to see how they stack up. 

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