Rakuten Group to sell 15% shares in Rakuten Bank in offshore market

Rakuten Group to sell 15% shares in Rakuten Bank in offshore market

The logo of Rakuten is pictured in Yokohama, Kanagawa, Japan, Aug 2, 2023. REUTERS/Miho Uranaka/File Photo

Japan’s Rakuten Group said on Wednesday it plans to sell 25.5 million shares in Rakuten Bank in the offshore market, the latest bid to shore up its finances.