SoftBank's PayPay applies for U.S. listing
The exact schedule, size and price for the public listing have yet to be determined, SoftBank said in a statement.
Reuters reported this week that SoftBank had selected banks for a potential initial public offering in the U.S.
The offering may raise more than $2 billion from investors and could take place as soon as the final quarter of this year, Reuters reported.
PayPay will continue to be a SoftBank subsidiary following the listing, the conglomerate said.
Reuters reported in 2023 that SoftBank was considering a U.S. listing for the business.
PayPay has helped spur Japanese consumers to embrace digital payments and offers services such as banking and credit cards.
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