Rakuten may be gearing up for a bold financial move by planning to weigh a u.s Rakuten is considering a possible ipo of its credit card business in the us, according to two sources familiar with the matter Ipo or stake sale of its credit card unit, rakuten card
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Influenced by softbank’s paypay u.s
Listing push, the strategy could unlock hidden value, global exposure, and competitive positioning.
Investors expect the valuation of paypay could exceed 3 trillion yen ($20 billion) as softbank prepares for an initial public offering of the japanese payments app operator in the united states as early as december, according to two sources. One of the main drivers behind the possibility of an ipo, added the article, is rival japanese group softbank’s (sftby) plans to list app pay operator paypay in the u.s. The japanese ecommerce/finance conglomerate began weighing the ipo last month, reuters reported wednesday (oct 15), citing two sources familiar with the matter
One of these sources says the company’s decision was sparked by rival softbank ’s plan to list its payments app paypay in the u.s.
