Rakuten Jumps on Report It’s Weighing US IPO of Credit Card Unit

Bloomberg TechnologyWednesday, October 15, 2025 at 6:44:44 AM
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Rakuten Jumps on Report It’s Weighing US IPO of Credit Card Unit
Rakuten Group Inc. saw its shares surge by 6.7% on Wednesday, marking the largest increase since April 10. This rise follows a report from Reuters indicating that the Japanese e-commerce giant is contemplating a US IPO for its credit card division. This potential move is significant as it could open new avenues for growth and investment in the competitive US market, showcasing Rakuten's ambition to expand its footprint beyond Japan.
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