Rakuten Bank surges over 38% on debut after raising $625m in IPO

Rakuten Bank surges over 38% on debut after raising $625m in IPO

FILE PHOTO: The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey

Shares of Rakuten Bank Ltd surged by more than a third in their market debut on Friday, after the internet bank raised $625 million in Japan’s largest initial public offering (IPO) in more than four years.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter