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SoftBank Plans PayPay’s U.S. IPO

SoftBank is reportedly planning a US initial public offering (IPO) for its Japanese payments app, PayPay, potentially raising over $2 billion.
PayPay is owned by SoftBank Corp, its internet business, Z Holdings (4689.T), and the group's second Vision Fund. All of the sources declined to be identified as the information is not public.
As of June 2025, PayPay card and bank users are only 20.8% and 13.2% of total PayPay users, respectively, so we believe there is still much growth potential.
Paytm has agreed to sell its stake in Japanese payments firm PayPay to SoftBank for $279.2 million, as the Indian firm sheds non-core assets following a Paytm's deal with SoftBank for PayPay ...
Japan's Softbank Group Corp. (OTC: SFTBY) is reportedly in talks with major U.S. investment banks regarding an initial public ...