Rakuten (RKUNY), a Japanese ecommerce company, is weighing an IPO in the U.S. of its credit card business, Reuters’ Miho Uranaka and Sam Nussey report, citing two sources familiar with the matter. The considerations are in the early stages, with other potential options including a stake sale to a strategic buyer, one of the sources says. Mizuho (MFG) previously acquired a 15% stake in the Rakuten card business for $1.1B. The Fly notes that SoftBank (SFTBY) is also preparing to list PayPay in the U.S.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SFTBY:
- Why Is Arm Holdings Stock (ARM) Soaring Today?
- AI Daily: OpenAI working with Arm on AI chip effort
- SoftBank Group (SFTBY) Set to Cash In With $20B PayPay Christmas IPO
- OpenAI working with Arm on AI chip effort, The Information reports
- Midday Fly By: Trump fuels rebound with softened China stance