Rakuten Bank seeking $881 Mn in Japan's largest IPO since 2018
Wed, Mar 22, 2023 2:10 PM

Rakuten Bank seeking $881 Mn in Japan's largest IPO since 2018

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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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