bullish

Rakuten Bank

Rakuten Bank (5838 JP) – A Keenly Priced Quality Addition to the Global Neobanks Universe

631 Views13 Apr 2023 19:17
Rakuten Bank's IPO is priced to go; issue price PBV ratio implies an attractive 25% discount to core Japanese peer SBI Sumishin Net Bank, for similar ROE; it also implies a 15% discount to Seven Bank
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Victor Galliano
Financials & FinTech research
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