In today’s briefing:
- Rakuten Securities IPO Early Look – The Positives – Has Been Gaining Market Share
Rakuten Securities IPO Early Look – The Positives – Has Been Gaining Market Share
- Rakuten Securities (RAKUSEC JP), the online securities arm of Rakuten, aims to raise around US$500m (estimated) in its Japan listing.
- It is the largest online securities firm in Japan with a 33.7% market share. In FY22, it had over 8.64m accounts, with around JPY18.2tn (US$131bn) of assets under custody.
- In this note, we talk about the positive aspects of the deal.
Before it’s here, it’s on Smartkarma
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