TOKYO (Reuters) – Japan’s Rakuten Group Inc set the price for its public offering and third-party allotment of new shares at 566 yen ($4.19) per share, a regulatory filing showed on Wednesday.
Rakuten said it will raise as much as 294.2 billion yen via a public offering and through allocations to founder and CEO Hiroshi Mikitani, his asset management firm, CyberAgent Inc and Tokyu Corp.
($1 = 135.0500 yen)
(Reporting by Mariko Katsumura and Sam Nussey; editing by Jason Neely and Toby Chopra)
