LINE Pay Taiwan Limited Lists on the Taiwan Stock Exchange

LINE Pay Taiwan Limited, a subsidiary of LY Corporation 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 on December 5, 2024. 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 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

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.