Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
E-commerce company Rakuten
Stock Market

Japan’s Rakuten intends to raise funds by issuing shares

14.09.2023
2 min read

Rakuten plans to get funding

Japan’s Rakuten placed a new batch of almost 547 million shares on the market. This accounts for 34% of the company’s outstanding shares. Management plans to raise more than 332 billion yen.
After the share sale, approximately 188 billion yen will be invested in developing the subsidiary Rakuten Mobile. Of these, the company plans to use 40 billion yen to create a 4G and 5G data transmission infrastructure. The rest of the money will be used to repay debt.
About 79 million shares will go to management companies controlled by the head of Rakuten and his family. Some of the securities will also be sold to other companies. The remaining shares will be available to investors on the open market.
Rakuten shares fell by more than 5% in the spring. Overall, the e-commerce giant’s capitalisation has fallen by around 24% this year. Rakuten

Rakuten history

Rakuten’s e-commerce platform is the second largest in the country, behind Amazon. It is also considered to be one of the largest in the world. Entrepreneur Hiroshi Mikitani founded the company in 1997. It went public on JASDAQ in 2000, raising US$600 million.
Company entered the global market in 2005 by acquiring several European and Canadian companies. Rakuten is also a significant investor in Pinterest, Daily Grommet and other platforms. In 2014, the Japanese company acquired the Viber messenger. The transaction was worth US$900 million.
Having established a strong foothold in Europe and the US, Mikitani decided to conquer the Chinese market. In 2010, Rakuten signed an agreement with Baidu intending to overthrow Alibaba, the leader in e-commerce. However, the companies could not carry out their plan as relations between Japan and China became more complicated during this period. As a result, the companies abandoned the joint project.
In 2015, Rakuten acquired the cloud storage service OneDrive. The company now operates over 40,000 businesses on the site, offering various products and services. In 2014, an international environmental investigation agency asked management to ban the trade of ivory and whale meat on the site, saying it led to increased animal killing. Rakuten made concessions and removed the products from the site.
The company is based in Tokyo. It employs over 10,000 people.

Tags: Stock Market
0
Previous Post Coal mining in India has increased by more than 22% in 5 years Next Post How mobile marketing helps to retain existing customers and attract new ones

You Might Also Like

Novo Nordisk
Stock Market
Danish company Novo Nordisk’s market valuation exceeds USD 500 billion
11.05.2024
add-on deals in Europe
Stock Market
Add-on deals on the European market show growth
14.05.2025
global debt
Stock Market
Global debt continues to rise and government bond yields remain low
06.08.2021
British startup
Stock Market
British startup Revolut is now available for users from Japan
08.05.2021
Turkey on international bond market
Stock Market
Turkey’s bond market has expanded into the international bond market
02.10.2024
Meta corporate bonds
Stock Market
Corporate bonds bring in US$8.5 billion for Meta
13.08.2023

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Spain’s economy performs best in the EU
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics