Rakuten Bank (5838 JP) - Attractive Versus Domestic Neobank Peers, with Added Technical Support
Fundamentally attractive Rakuten Bank also benefits from imminent TOPIX index inclusion; aside from premium growth prospects and low PEG, it is the...
521 Views
JD Industrials Pre-IPO - Peer Comparison - Some Interesting Nuggets from Peer Filings
JD Industrials is looking to raise about US$1bn in its upcoming HK IPO. In this note we talk about some additional useful information that we...
320 Views
Rakuten (4755 JP) - A Tricky Offering But Lots of Non-Fundamental Long Demand
Rakuten Group surprised the market with a big offer. The last one surprised too. Both were to pay down debt. Many will stay away. How many buy the...
525 Views
Rakuten (4755 JP): The Current Playbook
So far, Rakuten’s shares have mostly followed the pattern of previous large placements. Investors participating in previous large Japanese...
436 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...
461 Views