Latest news with #PayPayCorp
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
Yahoo
4 days ago
- Business
- Yahoo
SoftBank's PayPay Submits Filing to US SEC for Listing of ADRs
(Bloomberg) -- SoftBank Group Corp. said its digital payment service provider PayPay Corp. has confidentially submitted a draft registration to the US Securities and Exchange Commission for a public listing. 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 The exact schedule, size, and price for the public listing of PayPay's American depositary shares 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 a 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 SoftBank subsidiary 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. 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
Zawya
4 days ago
- Business
- Zawya
SoftBank's PayPay applies for U.S. listing
TOKYO - SoftBank said on Friday that payments app operator PayPay Corp has applied to list American depositary shares in the United States. 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. (Reporting by Mariko Katsumura and Sam Nussey Editing by Chang-Ran Kim and Clarence Fernandez)
Time of India
4 days ago
- Business
- Time of India
SoftBank payments app unit PayPay submits application for US listing
Japan's PayPay Corp has applied to list American depositary shares in the United States, its parent SoftBank Corp said on exact schedule, size and price for the public listing have yet to be determined, SoftBank said in a will continue to be a consolidated subsidiary of SoftBank Corp following the listing, it reported earlier this week that SoftBank had selected banks for the U.S. listing.
Yahoo
4 days ago
- Business
- Yahoo
SoftBank's PayPay applies for U.S. listing
TOKYO (Reuters) - SoftBank said on Friday that payments app operator PayPay Corp has applied to list American depositary shares in the United States. 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.
