Reported 16 days ago
Japanese e-commerce giant Rakuten is exploring an initial public offering (IPO) for its credit card division in the United States. This decision comes in light of the competitive landscape, particularly with rival SoftBank planning to list its app-based payment service. While Rakuten Card's considerations are still in the early stages, the company aims to capitalize on the thriving U.S. IPO market, which has seen increased activity recently.
Source: YAHOO