Japan's Rakuten prices bank IPO at top end of downgraded range

Japan's Rakuten prices bank IPO at top end of downgraded range

A staff of Rakuten Cafe is seen under a logo of Rakuten Inc at a shopping district in Tokyo August 4, 2014. REUTERS/Yuya Shino

Japan’s Rakuten Group Inc priced on Thursday the initial public offering of its Rakuten Bank Ltd arm at the high end of a scaled-back range, placing it on track for Tokyo’s biggest listing in more than four years.