By Echo Wang and Miho Uranaka<\/p>\n
(Reuters) -SoftBank has selected investment banks to help organize a potential initial public offering in the United States for its Japanese payments app operator PayPay, according to two people familiar with the matter.<\/p>\n
The banks leading preparations for the listing are Goldman Sachs, JPMorgan Chase & Co, Mizuho Financial Group and Morgan Stanley, the sources said.<\/p>\n
The PayPay offering may raise more than $2 billion from investors when it takes place, which the sources said could be as soon as the final quarter of this year.<\/p>\n
The sources declined to be named as the information is not public and cautioned that factors including timing and the amount the IPO could raise are subject to market conditions.<\/p>\n
SoftBank, Goldman Sachs, JPMorgan, Mizuho, and Morgan Stanley declined to comment.<\/p>\n
PayPay played a role in encouraging Japanese consumers to move away from a long-standing preference for cash by offering rebates on payments through its mobile app.<\/p>\n
It also offers financial services including banking and credit cards.<\/p>\n
Reuters reported two years ago that SoftBank was considering a U.S. listing for PayPay, with the conglomerate saying earlier this year it wanted to IPO the business.<\/p>\n
Should it happen, it will be the first U.S. listing of a SoftBank majority investment since the blockbuster IPO of Arm Holdings. SoftBank took the chip designer public in 2023 at a valuation of $54.5 billion, which has subsequently increased to today’s market capitalization of more than $145 billion.<\/p>\n
U.S. IPO activity has gained momentum in a long-awaited rebound, supported by strong tech earnings and signs of progress in trade negotiations that have helped restore investor confidence.<\/p>\n
The wave of solid market debuts marks a reversal from earlier this year, when uncertainty over President Donald Trump’s tariff policies stalled new listings.<\/p>\n
PayPay’s ownership is split between a number of SoftBank entities: wireless carrier SoftBank Corp, the Vision Fund investment arm, and internet business LY Corp, which is a joint venture between SoftBank and Naver Corp.<\/p>\n
(Reporting by Echo Wang in New York and Miho Uranaka in Tokyo. Editing by David French, Sam Nussey and Anna Driver)<\/p>\n","protected":false},"excerpt":{"rendered":"By Echo Wang and Miho Uranaka (Reuters) -SoftBank has selected investment banks to help organize a potential initial…\n","protected":false},"author":2,"featured_media":334393,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5311],"tags":[2792,101561,119790,7992,119788,7993,3209,119789,88491,49,978,659],"class_list":{"0":"post-334392","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-goldman-sachs","9":"tag-initial-public-offering","10":"tag-investment-banks","11":"tag-jpmorgan-chase-co","12":"tag-mizuho-financial-group","13":"tag-morgan-stanley","14":"tag-payments","15":"tag-paypay","16":"tag-softbank","17":"tag-united-states","18":"tag-us","19":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115007206470265075","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/334392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=334392"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/334392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/334393"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=334392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=334392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=334392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}