Rakuten Bank IPO: Valuation Insights
Our analysis suggests that Rakuten Bank is fairly valued at the IPO price range of JPY1,630-1,960 per share. We would participate in the IPO.
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Rakuten Bank Vs SBI Sumishin Net Bank
SBI Sumishin Net Bank, the key peer, will list on 29 March. In this note, we compare Rakuten Bank and SBI Sumishin across several key metrics.
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Rakuten Bank IPO: The Investment Case
The investment case rest on Rakuten Ecosystem's competitive advantage, growth in accounts/deposits, robust loan book growth, rising margins and low...
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Rakuten Bank (5838 JP) - Another Net-Bank IPO, This One With TOPIX and Other Index Inclusions
Rakuten Bank IPO has been in the works since July 2022. It's here. Timing could have been better. Rakuten Bank specialises in B2C transactions,...
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SBI Sumishin Net Bank IPO: An IPO Price Range in the Wake of the Bank Share Sell-Off
Despite the bank sell-off, SBI Sumishin Net Bank is fairly valued at the new IPO price range of JPY1,200-1,260 per share. We would participate in...
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