Japan's SBI Shinsei Bank rises 9% in market debut (updated)

SBI Holdings

17/12/2025 02:59

Adds background from paragraph 3

TOKYO, Dec 17 (Reuters) - SBI Shinsei Bank 8303.T shares rose 9% on Wednesday in their trading debut on the Tokyo Stock Exchange's prime market.

The stock opened at 1,586 yen, compared with Shinsei Bank's initial public offering (IPO) price of 1,450 yen.

The initial market capitalisation, based on the IPO price, was about 1.3 trillion yen ($8.4 billion). It priced at the top of its offering range of 1,440 yen to 1,450 yen.

Shinsei Bank traces its origins to the Long-Term Credit Bank of Japan, which failed in 1998 and was nationalised. After being acquired by overseas investment funds including Ripplewood, it was renamed Shinsei Bank and relisted in 2004.

The lender became a subsidiary of SBI Holdings 8473.T in 2021 and was delisted in 2023. It repaid all public funds this year ahead of the IPO.

($1 = 154.8600 yen)

 (Reporting by Kevin Buckland; Editing by Jacqueline Wong and Muralikumar Anantharaman)

 ((Kevin.Buckland@thomsonreuters.com;))