By Benjamin Horney (March 4, 2016, 5:37 PM EST) -- Japan-based messenger app Line Corp. has restarted initial public offering plans, Reuters reported on Friday, and hopes to raise as much as $3 billion in the flotation. According to the report, Line's parent company, South Korea-based Naver Corp., is in the midst of preparations for the IPO and is looking to make it happen before the end of the summer. The offering is likely to take place on the Tokyo Stock Exchange, as well as either the New York Stock Exchange or the Nasdaq, the report noted, and Morgan Stanley, Goldman Sachs Group Inc. and Nomura Holdings Inc. are helping with prep. Reports in August said Line had abandoned plans for an IPO due to the app's failure to catch on anywhere in the world besides Japan, though it was noted that an IPO could still go down at a later time....