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Welcome to the Investment Performance Case Study of Rakuten Bank, which follows our clients' journeys of investing in Rakuten Bank between 21st Apr, 2023 and 29th Nov, 2024, during which the recorded share price produced a gain of 190%.
Rakuten Bank is a digital banking arm of the Rakuten Group, known for its strong tech-first approach. It offers online savings, loans, and payment services. The IPO aimed to strengthen Rakuten's fintech ecosystem and offset losses in other segments like mobile.

Rakuten Bank is a Japanese digital banking business and part of the wider Rakuten ecosystem. Its technology-led banking model and established customer base positioned the company as one of Japan's prominent digital financial services businesses ahead of its public listing.
Rakuten Bank completed its initial public offering and began trading on the Tokyo Stock Exchange on 21 April 2023. Shares were offered at ¥1,400, which forms the entry price for this case study.
The study records a subsequent value of approximately ¥4,065 per share by 29 November 2024. Relative to the ¥1,400 entry price, this represents an increase of approximately 190.4%, demonstrating substantial value appreciation following the bank's transition to the public markets.

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