TOKYO (Reuters) – Japan’s Rakuten Group said on Thursday it set a 2,470 yen per share price in a planned offshore sale of 24.5 million shares of Rakuten Bank worth 60.6 billion yen ($411.85 million).
The e-commerce and fintech giant announced on Wednesday it would sell nearly 15% stake of the online bank unit, its latest effort to contend with heavy debt and losses at its mobile network business.
($1 = 147.1400 yen)
(Reporting by Kantaro Komiya; Editing by Jacqueline Wong)
