Shares of Line Corporation, a subsidiary of South Korean Internet firm Naver, has surged as it debuted on the New York Stock Exchange on Thursday and on the Tokyo Stock Exchange a day after.

In Tokyo, where the messaging app operator is based, Line ended its first day of trading on Friday at over 43-hundred yen, up 32 percent from the IPO(initial public offering) price of 33-hundred yen.

Line's market capitalization, or its market value, reached nine-point-nine trillion South Korean won, which is over 921 billion yen.

On Wall Street Thursday, Line's shares, which were priced at 32 dollars and 84 cents, surged 27 percent to finish at 41 dollars 58 cents.

The dual listings have secured the company around one-and-a-half trillion won, by far the largest IPO for a global tech firm this year.

Line sold 13 million shares in Tokyo and 22 million in New York for a total of 35 million shares and also exercised a "green-shoe option" to sell an additional five-point-25 million shares. 

As the world's seventh largest mobile messenger provider, Line has 218 million active users. Users in Japan, Taiwan, Thailand and Indonesia account for two-thirds of the total.