• The Tokyo Stock Exchange will not see an initial public offering from SBI Sumishin Net Bank that it expected this month, with the company citing market fluctuations from the war in Ukraine. | KYODO
    The Tokyo Stock Exchange will not see an initial public offering from SBI Sumishin Net Bank that it expected this month, with the company citing market fluctuations from the war in Ukraine. | KYODO
  • SHARE

Japan's SBI Sumishin Net Bank Ltd. said on Monday that it will postpone a planned $1.2 billion initial public offering (IPO) scheduled for this month due to the market downturn triggered by the war in Ukraine.

SBI Sumishin Net Bank, equally owned by SBI Holdings Inc and Sumitomo Mitsui Trust Bank, would have been the first online bank to go public in Japan.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)

, , , , ,