Rakuten mulls U.S. IPO for its credit card division
Rakuten considers listing its credit card business in the U.S., leveraging strong fundamentals and global fintech trends.
Live Market Updates
Latest Financial News
Stay ahead with real-time financial news, market insights, and expert analysis from trusted sources worldwide
News Feed
1 articles
Live Market Updates
Latest Financial News
Stay ahead with real-time financial news, market insights, and expert analysis from trusted sources worldwide
neutral
12h agoRakuten mulls U.S. IPO for its credit card division
Rakuten is weighing a U.S. initial public offering of its credit card arm, considering filing options or stake sale to strategic investors. The unit has over 30 million card accounts and in 2024 posted 20% non-GAAP operating profit growth. The proposed IPO is part of Rakuten’s push to unlock valuation and follow peers like SoftBank’s PayPay. Market watchers see this as a strategic step to globalize its fintech ecosystem.
neutral
12h agoRakuten mulls U.S. IPO for its credit card division
Rakuten is weighing a U.S. initial public offering of its credit card arm, considering filing options or stake sale to strategic investors. The unit has over 30 million card accounts and in 2024 posted 20% non-GAAP operating profit growth. The proposed IPO is part of Rakuten’s push to unlock valuation and follow peers like SoftBank’s PayPay. Market watchers see this as a strategic step to globalize its fintech ecosystem.
neutral
Rakuten mulls U.S. IPO for its credit card division
about 13 hours ago
1 min read
69 words
Rakuten considers listing its credit card business in the U.S., leveraging strong fundamentals and global fintech trends.
Rakuten is weighing a U.S. initial public offering of its credit card arm, considering filing options or stake sale to strategic investors. The unit has over 30 million card accounts and in 2024 posted 20% non-GAAP operating profit growth. The proposed IPO is part of Rakuten’s push to unlock valuation and follow peers like SoftBank’s PayPay. Market watchers see this as a strategic step to globalize its fintech ecosystem.
Rakuten is weighing a U.S. initial public offering of its credit card arm, considering filing options or stake sale to strategic investors. The unit has over 30 million card accounts and in 2024 posted 20% non-GAAP operating profit growth. The proposed IPO is part of Rakuten’s push to unlock valuation and follow peers like SoftBank’s PayPay. Market watchers see this as a strategic step to globalize its fintech ecosystem.
Companies:
Rakuten Card
Tags:
ipo
fintech
ipo
fintech
Rakuten
Japan
global
Source: