Rakuten Considers US IPO for Credit Card Unit, Shares Surge

Rakuten's shares have surged following reports that the company is contemplating a potential IPO for its credit card unit in the United States. This move could enhance Rakuten's visibility and financial standing, opening new avenues for growth and attracting investors. The prospect of entering the competitive US market reflects Rakuten's ambition to expand its operations and capitalize on the growing demand for digital financial services.