bullish
Rakuten Bank (5838) IPO - Let's Go! (Part 2)
494 Views16 Apr 2023 17:58
SUMMARY
- SBI Sumishin Net Bank (7163 JP) lowered its listing price vs what were already lowered expectations from a year prior. Then Rakuten Bank (5838 JP) lowered its IPO range.
- SBI Sumishin dilly-dallied around IPO price for three days then went nuts, rising 40% as of Friday morning. Rakuten Bank's IPO looks dirt cheap now.
- But it is worthwhile comparing it on a spectrum of OTHER Japanese banks and neobanks.
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