SoftBank<\/a> 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>\nThe 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","protected":false},"excerpt":{"rendered":"The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22,…\n","protected":false},"author":3,"featured_media":135789,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[133,64,81,14169,135,755,67,132,68],"class_list":{"0":"post-135788","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-breaking-news-markets","9":"tag-business","10":"tag-business-news","11":"tag-ipo","12":"tag-markets","13":"tag-softbank-group-corp","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115007646937566425","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/135788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=135788"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/135788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/135789"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=135788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=135788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=135788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}