Rakuten Possible US$2.2bn Placement - Will Be a Huge Deal to Digest, but It's Not All Bad
Rakuten (4755 JP) is considering raising around US$2.2bn, as per Reuters reports. The company hasn't confirmed or denied the same in its press...
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Rakuten Bank IPO Trading - Ample Upside
Rakuten Bank (5838 JP), the online banking arm of Rakuten (4755 JP), raised around US$630m in its Japan IPO. In this note, we talk about the...
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Money Forward: Lower S&M Spending in 1Q Drives Losses Down
MF's S&M spending is lowest during the first quarter which helped reduce losses during the quarter. Non-BO SAAS businesses' GPM is declining...
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Money Forward (3994) | Costs Under Control
Money Forward’s Q1 sales grew 43% YoY to 6.8 billion yen, which beat the top end of guidance (Y6.2-6.6b). EBITDA beat on lower costs. Stock has...
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Rakuten Bank IPO - Thoughts on Valuation
Rakuten Bank (5838 JP), the online banking arm of Rakuten (4755 JP), aims to raise up to around US$900m in its Japan listing in April 2023. In this...
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