Ratuken Bank Coming up with $881 million to be listed in Tokyo Exchange

This is one of the biggest IPO in Japan since 2018. 

May be listed in April 2023.

Goldman Sachs and Daiwa Securities to oversee an initial public offering

The price band will be 1,630 yen to 1,960 yen per share. 

~ 60 million shares are being offered in the IPO. Rakuten Group will sell ~84% of this while ~16% of these shares will be from the lenders.

The aim of this IPO is to expand its financial services. 

With this IPO, the value of the bank will reach 500 million yen or $3.7 billion.

Net Proceeds from the IPO could potentially plug Rakuten Group’s liquidity shortfall at its non-financial unit.

Rakuten Group is a giant in e-commerce in Japan. The company was established in 2000, as an online bank. 

The number of Rakuten Bank accounts has now surpassed 13 million.

Serving users worldwide through businesses based in 30 countries across the regions

Surpassed 8 trillion yen in the total balance of deposits surpassed at the end of June 2022

Rakuten Group offers a variety of services in e-commerce, fintech, digital content, food delivery, and communications to many users all over the world. 

Rakuten Bank is part of the Fintech segment of the group. The bank offers online banking.

Hiroshi Mikitani, Chairman and CEO

Director and Vice Chairman FinTech Segment Leader President of the Fintech Group Company Masayuki Hosaka

Learn More on Company Insights for Investment and Company Insights for IPO.