In today’s briefing:
- Rakuten Bank IPO: Leveraging the Power of the Rakuten Ecosystem to Lead Japan’s Digital Banking
Rakuten Bank IPO: Leveraging the Power of the Rakuten Ecosystem to Lead Japan’s Digital Banking
- Rakuten Bank (5838 JP) has an advantage over competitors due to its connection with the Rakuten ecosystem, which has 39+ million monthly active users.
- It’s NIM has decreased, but the cost-to-income ratio is the lowest among digital banks, and its net-fee and commission-income has grown significantly, thanks to its association with the Rakuten ecosystem.
- The IPO price range is reasonable given its advantageous position. Therefore we intend to subscribe to the IPO when it opens.
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