Money Forward: Non-BO Margin on a Decline and Upcoming Fee Revision to Have Negative Impact
MF's 2QFY11/23 earnings beat consensus and own guidance, with a full-year guidance revised upwards. Non-BO business' margin continues to drop and...
392 Views
Rakuten Securities IPO Early Look - The Positives - Has Been Gaining Market Share
Rakuten Securities, the online securities arm of Rakuten, aims to raise around US$500m (estimated) in its Japan listing.
446 Views
Rakuten US$2.4bn Placement - Recent Updates and Comparison to past Deals
Rakuten (4755 JP) aims to raise up to US$2.4bn (JPY323bn) via a global offering. In this note, we talk about the updates since our last note. and...
455 Views
Freee: User Acquisition Strategy Paying Off
Widened operating losses is no big surprise as freee had already guided for increased investments related to invoicing system and tax filing...
261 Views
Rakuten US$2.4bn Placement - Larger than Rumored, Some Indications of Finality
Rakuten (4755 JP) aims to raise up to US$2.4bn (JPY323bn) via a global offering. In this note, we talk about the deal structure and the deal dynamics.
482 Views