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Forbes on cyber security product developer Rapid7 filing for an $80 million IPO:

Founded in 2000, Rapid7 uses data analytics to reduce security threats and detect system intrusions. The company has received $90 million in funding from investors including Bain Capital and Technology Crossover Ventures. Most recently in December 2014, the company received $30 million in equity funding to expand its business. The company now has 39,000 customers in over 90 countries, including 30% of Fortune 100 companies.

According to the filing, Rapid7 had $76.9 million in revenue in 2014, up 28% year-over-year. The company’s 2015 Q1 revenue of $23.6 million is up 41% from 2014. Rapid7 is not yet profitable with a net loss of $32.6 million last year and $8.5 million in the last quarter. Rapid7 declined to comment on the filing, due to quiet period restrictions.

Best of luck to Rapid7 in what is a very competitive industry, but one which will be growing for the foreseeable future.

Bloomberg News on how the company behind Japan’s LINE instant messaging service is prepping for an IPO in both Tokyo and New York:

The Tokyo-based company aims to sell shares around September to avoid competing for investors with state-owned Japan Post, the people said, asking not to be named as the information is private. The government has said it will raise as much as 2 trillion yen ($16.5 billion) from a Japan Post listing later in the year. Line has resumed work with Morgan Stanley and Nomura Holdings Inc. on plans for its offering, which could value it at more than 1 trillion yen, the people said.

Line, controlled by South Korean search portal Naver Corp., is customizing its software as it seeks to challenge Facebook Inc.’s WhatsApp service outside Asia. The company, which makes money by asking smartphone users to pay for teddy bear icons and games, has 205 million monthly active users, it said in a statement last month.

After doing the math, 1 trillion JPY is equivalent to approximately $8.2 billion USD at today’s exchange rate.

To put that into context, Facebook acquired WhatsApp for $19 billion in February 2014.