Rakuten Group, Inc announces that Tokyo Stock Exchange has approved the new listing of common shares of Rakuten Bank, Ltd, a consolidated subsidiary of the company, on the Tokyo Stock Exchange Prime Market.

The listing date is scheduled for April 21, 2023 (Friday). From that date onwards, Rakuten Bank shares will be available for purchase and sale on this exchange.

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.

The company intends to maintain the status of Rakuten Bank as a consolidated subsidiary even after Rakuten Bank is listed.