(Telecompaper) Line is hoping to raise USD 1 billion in its initial public offering (IPO) in July, Bloomberg reported, citing a company filing. Line will sell shares in the US and Japan at a valuation of about JPY 588 billion. The offering is for 35 million new and existing shares, with an over-allotment of 5.25 million shares. The price range will be set on 27 June, and the final price on 11 July, the company said.