Rakuten Bank Ltd.'s IPO is expected to raise up to 116.6 billion yen ($881 million) for the firm and its parent, making it Japan's largest listing in more than four years. Rakuten Holdings Inc.'s banking business established an indicative price range of 1,630 yen to 1,960 yen per share for its Tokyo IPO on Wednesday. The stock will begin trading on the Tokyo Stock Exchange on April 21.
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On March 28, the Political Affairs Committee of the National Assembly of South Korea will be holding its first bill review session to discuss and propose bills concerning virtual assets. Currently, there are 18 bills related to virtual assets pending at the Political Affairs Committee.
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The IPO of Udayshivakumar Infra has continued seeing a positive response on March 22, the third day of bidding. The IPO size was 2 crore shares, and bids for 7.45 crore equity shares have been received, resulting in a subscription of 3.73 times. High networth individuals have been particularly enthusiastic about the offer, subscribing 5.91 times the allotted quota.
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