Why rakuten Is Trending Today?

Rakuten, a Japanese e-commerce giant, is exploring the possibility of taking its U.S. credit card business public. The company, led by CEO Hiroshi Mikitani, is reportedly considering an initial public offering (IPO) for its U.S. credit card operations. This move could potentially raise significant funds for Rakuten, which has been expanding its financial services in the U.S. market.

Japan's Rakuten is reportedly considering an Initial Public Offering (IPO) for its U.S. credit card business, with the company's stock rising on the news. The potential IPO would involve the credit card unit of Rakuten, which is one of the largest digital coupon product providers globally, alongside companies like Honey, RetailMeNot, and Groupon.