Rakuten Group prices Rakuten Bank shares at 2,470 yen in $412 mln offshore sale
07/12/2023 24:06
TOKYO, Dec 7 (Reuters) - Japan's Rakuten Group 4755.T
said on Thursday it set a 2,470 yen per share price in a planned
offshore sale of 24.5 million shares of Rakuten Bank 5838.T
worth 60.6 billion yen ($411.85 million).
The e-commerce and fintech giant announced on Wednesday it
would sell nearly 15% stake of the online bank unit, its latest
effort to contend with heavy debt and losses at its mobile
network business. urn:newsml:reuters.com:*:nL1N3D10I7
($1 = 147.1400 yen)
(Reporting by Kantaro Komiya; Editing by Jacqueline Wong)
((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))
Recent news on Rakuten Bank
See all newsBrief: Rakuten Bank To Form Capital Alliance With Mizuho Bank
Brief: Mizuho Financial Group Inc: Currently Conducting Various Examinations, Including Possibility Of Investing In Rakuten Bank, But Not Made Any Decision At Present
Brief: Rakuten Group Inc - Notice Concerning Re-Commencement Of Discussions Toward Reorganization Of Rakuten's FinTech Business
Japan's Rakuten weighing US IPO of credit card business, sources say
Japan's Rakuten weighing US IPO of credit card business, sources say