Rakuten Scraps Plan to List Securities Unit on Tokyo Bourse

(Bloomberg) – Rakuten Group Inc. no longer plans to list its own securities on the Tokyo Stock Exchange and instead to discuss his partnership with Mizuho Securities Co..

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Japanese e-commerce pioneer program was a preliminary public offer, a rakuten invasion of securities reserves for sinking finance in the Japanese hole-competitive wireless carrier market. At the end of 2023, it was temporarily backgrounded by announcing that it would be returned to the listing later.

Mizuho will raise Rarkuten Securities Screase, broker service pulls IPO

But in November, Rakuten reported his first quarterly profit after the losses in his mobile sector since 2020. This section is now beneficial for discounting marketing costs to win new customers, Hirosh Mikitania, the founder of Rakuten, told Bloomberg.

Rakuten billionaire protects expensive cell foray with a large AI bet

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