Rakuten considers U.S. IPO to spin off its credit card arm
Rakuten explores U.S. IPO of its credit card business to unlock value and globalize its fintech presence.
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1 day agoRakuten considers U.S. IPO to spin off its credit card arm
Rakuten is weighing options to list its credit card business in the U.S., possibly via IPO or stake sale to strategic investors. The unit spans over 30 million card accounts and recorded ~20% growth in non-GAAP operating profit in 2024. The listing would mark a premium monetization of its fintech ecosystem, following globalization strategies. The IPO is in early stage and contingent on valuation, market timing, and regulatory approvals across Japan and U.S.
neutral
1 day agoRakuten considers U.S. IPO to spin off its credit card arm
Rakuten is weighing options to list its credit card business in the U.S., possibly via IPO or stake sale to strategic investors. The unit spans over 30 million card accounts and recorded ~20% growth in non-GAAP operating profit in 2024. The listing would mark a premium monetization of its fintech ecosystem, following globalization strategies. The IPO is in early stage and contingent on valuation, market timing, and regulatory approvals across Japan and U.S.
neutral
Rakuten considers U.S. IPO to spin off its credit card arm
1 day ago
1 min read
73 words
Rakuten explores U.S. IPO of its credit card business to unlock value and globalize its fintech presence.
Rakuten is weighing options to list its credit card business in the U.S., possibly via IPO or stake sale to strategic investors. The unit spans over 30 million card accounts and recorded ~20% growth in non-GAAP operating profit in 2024. The listing would mark a premium monetization of its fintech ecosystem, following globalization strategies. The IPO is in early stage and contingent on valuation, market timing, and regulatory approvals across Japan and U.S.
Rakuten is weighing options to list its credit card business in the U.S., possibly via IPO or stake sale to strategic investors. The unit spans over 30 million card accounts and recorded ~20% growth in non-GAAP operating profit in 2024. The listing would mark a premium monetization of its fintech ecosystem, following globalization strategies. The IPO is in early stage and contingent on valuation, market timing, and regulatory approvals across Japan and U.S.
Companies:
Rakuten Card
Tags:
ipo
fintech
ipo
fintech
Japan
credit cards
global
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