Japan’s Rakuten prices bank IPO at top of downgraded range

TOKYO: 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.

The 1,400 yen per share price was at the top of its 1,300 yen to 1,400 yen lowered range, a bank filing showed.