Japan’s largest law firm Nishimura & Asahi and Sullivan & Cromwell, together with Simpson Thacher & Bartlett and Anderson Mori & Tomostune, are acting on Rakuten Bank’s $881 million initial public offering.
March 23, 2023 at 01:59 AM
2 minute read
Asia Correspondent
Japan’s largest law firm Nishimura & Asahi and Sullivan & Cromwell, together with Simpson Thacher & Bartlett and Anderson Mori & Tomostune, are acting on Rakuten Bank’s $881 million initial public offering (IPO).
The scheduled IPO, which will take place on the prime market of the Tokyo Stock Exchange on April 21, is slated to be the largest public float in Japan since 2018, when SoftBank Group took its domestic telecoms unit public with a $21 billion share sale.
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