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  • Japan’s Rakuten to start preparing for bank unit IPO

Japan’s Rakuten to start preparing for bank unit IPO

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30 Sep 2021 03:09:17 GMT9
30 Sep 2021 03:09:17 GMT9

TOKYO: Japanese mobile phone services and online shopping mall operator Rakuten Group Inc said on Thursday it will start preparing for an initial public offering of its banking unit Rakuten Bank Ltd.

Rakuten Bank “believes that through the listing of its shares, it will be possible to carry out management with a more autonomous perspective, and to consider various growth and financial strategies, including its own financing,” Rakuten said in a statement.

Reuters

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