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Yahoo
a day ago
- Business
- Yahoo
SoftBank's PayPay prepares for potential US stock exchange listing
SoftBank-backed payments company PayPay has confidentially filed a draft registration statement with the US Securities and Exchange Commission (SEC) for a potential listing on a US stock exchange. The listing would involve American depositary shares that represent PayPay's common shares. Details regarding the listing's timing, size, and pricing have not been disclosed at this stage. The progression of the listing is dependent on the completion of the SEC's review and prevailing market conditions, the company said in a statement. SoftBank Group (SBG), which holds a stake in PayPay through its Vision Fund 2, stated its intention to retain PayPay as a subsidiary after the public listing. SBG also does not anticipate any significant impact on its consolidated financial results or position as a result of the listing. Set up in 2018, PayPay offers services that include mobile payments, banking, and credit cards. The company boasts a substantial user base, with more than 70 million individuals utilising its services. SoftBank might consider selling a portion of its stake, potentially 20%, in the initial offering, reported Financial Times, citing sources. There is also the possibility of a future dual listing in Japan, the report added. According to sources cited by Reuters, the offering could raise $2bn and may occur as soon as the last quarter of the current year. Investment banks such as Goldman Sachs, JPMorgan Chase & Co, Mizuho Financial Group, and Morgan Stanley are reportedly leading the preparations for PayPay's listing. "SoftBank's PayPay prepares for potential US stock exchange listing " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
3 days ago
- Business
PayPay Takes Step for U.S. Listing
News from Japan Technology Aug 16, 2025 12:31 (JST) Tokyo, Aug. 16 (Jiji Press)--Japanese mobile payment service provider PayPay Corp. has taken a step for its public listing in the United States. The company said Friday that it has submitted to the U.S. Securities and Exchange Commission a draft registration statement relating to the listing of American depositary shares representing its common shares on a U.S. stock exchange. The exact schedule, size and price for the public listing have yet to be determined, said PayPay, a joint venture between major mobile phone carrier SoftBank Corp. and LY Corp., which operates messaging app Line and internet portal Yahoo. SoftBank and LY expect PayPay will remain under their aegis after the completion of its U.S. listing procedures. At a press conference in May to announce earnings results, LY President Takeshi Idezawa said that preparations have been launched for PayPay's possible public listing in the United States. [Copyright The Jiji Press, Ltd.] Jiji Press
Japan Times
3 days ago
- Business
- Japan Times
PayPay takes step for U.S. listing
Japanese mobile payment service provider PayPay has taken a step for its public listing in the United States. The company said Friday that it has submitted to the U.S. Securities and Exchange Commission a draft registration statement relating to the listing of American depositary shares representing its common shares on a U.S. stock exchange. The exact schedule, size and price for the public listing have yet to be determined, said PayPay, a joint venture between major mobile phone carrier SoftBank and LY, which operates messaging app Line and internet portal Yahoo. SoftBank and LY expect PayPay will remain under their aegis after the completion of its U.S. listing procedures. At a news conference in May to announce earnings results, LY President Takeshi Idezawa said that preparations have been launched for PayPay's possible public listing in the United States.
Nikkei Asia
4 days ago
- Business
- Nikkei Asia
SoftBank-owned PayPay app applies to go public in US
IPO Exact timing, size and price of listing to be determined The PayPay app boasts more than 70 million users in Japan. (Photo obtained by Nikkei) YUSUKE YAGI August 16, 2025 00:30 JST TOKYO -- PayPay, a Japanese mobile payment app owned by SoftBank Group, announced Friday that it has applied to list its shares on an unidentified U.S. stock exchange.
Yahoo
4 days ago
- Business
- Yahoo
SoftBank Group's Payments App PayPay Files for US Debut
(Bloomberg) -- SoftBank Group Corp.'s digital payment provider PayPay Corp. has confidentially filed a draft registration to debut on the US stock market in a deal that could mint Japan's first $10 billion unicorn. The US-Canadian Road Safety Gap Is Getting Wider Festivals and Parades Are Canceled Amid US Immigration Anxiety To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Five Years After Black Lives Matter, Brussels' Colonial Statues Remain For Homeless Cyclists, Bikes Bring an Escape From the Streets SoftBank is seeking a valuation for PayPay of ¥1.5 trillion ($10 billion) or more, according to people familiar with the matter, who declined to be named as discussion isn't public. If the plans go ahead, it may be the largest IPO for a Japanese company on a US stock exchange, according to data compiled by Bloomberg. SoftBank Corp., which owns a stake in PayPay, didn't immediately respond to a request for comment outside regular business hours. Its parent SoftBank Group, as well as PayPay, declined to comment on the valuation. PayPay, the country's dominant QR-code payments application, was originally set up through a venture with former Vision Fund portfolio company Paytm. A transaction last year valued the Japanese firm at around $7 billion at that time, according to local media reports. The exact schedule, size, and price for the public listing of PayPay's American depositary receipts are yet to be decided, SoftBank said in a statement Friday. The feasibility of a listing is subject to market and other conditions, and is contingent on the completion of SEC's review, it said. SoftBank has been recently working to monetize some of its assets and Vision Fund bets to finance Masayoshi Son's new investments in artificial intelligence. This includes an additional sale of $3 billion worth of shares in T-Mobile US Inc. Reuters earlier this month reported that the Japanese company has picked investment banks for PayPay's US IPO. PayPay will continue to be a subsidiary of SoftBank Corp. following the public offering and the Japanese conglomerate doesn't expect the listing to have any material impact on its consolidated earnings, the statement said. --With assistance from Gareth Allan and Takahiko Hyuga. (Updates with response from companies) Americans Are Getting Priced Out of Homeownership at Record Rates What Declining Cardboard Box Sales Tell Us About the US Economy Dubai's Housing Boom Is Stoking Fears of Another Crash Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan Twitter's Ex-CEO Is Moving Past His Elon Musk Drama and Starting an AI Company ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
