TOKYO -- SBI Sumishin Net Bank, Japan's No. 1 digital bank, has begun looking at an initial public offering of its shares, Nikkei has learned, in a sign of a tidal shift in the banking industry as traditional banks struggle to adapt to rapid digitization of the economy.
Japan's No. 1 online bank SBI Sumishin moves toward IPO
Estimated $3.7 bn internet-only bank will be the nation's first to go public