Rakuten Bank gets listed on Tokyo Stock Exchange Prime Market
Rakuten Group, Inc. announces that the common stock of Rakuten Bank, Ltd., (securities code: 5838), a subsidiary of the company, has been listed on the Tokyo Stock Exchange Prime Market.
In March, the Tokyo Stock Exchange approved the new listing of common shares of Rakuten Bank, Ltd.
Rakuten Bank belongs to the Fintech segment and operates a banking business. It collaborates with other financial businesses such as Rakuten Card Co., Ltd., Rakuten Securities Inc., Rakuten Wallet, Inc., Rakuten Life Insurance Co., Ltd., Rakuten General Insurance Co., Ltd., Rakuten Payment, Inc. and Rakuten Edy, Inc. Co., Ltd. by mutually guiding customers and providing banking services to these companies and their customers.
Through a listing, Rakuten Bank aims to implement growth strategies with a more autonomous management perspective, and to enable various growth and financial strategies, including its own fundraising.