Line Pay Taiwan Limited began trading on the Taiwan Stock Exchange (TWSE) today, making it the first global Line service to be listed on any stock exchange.

The IPO was at NT$508 (US$15.69) per share, closing at NT$509, a slight increase of 0.2%.

This gives Line Pay Taiwan a market capitalization of NT$34.6 billion (US$1.07 billion).

Founded in August 2015, LINE Pay Taiwan has emerged as the top mobile payment provider there.

It claims over 12.7 million registered users, representing more than half of Taiwan’s population. The company has over 570,000 points of sale across Taiwan.