Reported about 11 hours ago
SoftBank Group's PayPay, a leading digital payment service in Japan, has confidentially filed for a potential initial public offering (IPO) in the US, seeking a valuation of about ¥1.5 trillion ($10 billion). This move could position PayPay as Japan’s first $10 billion startup, although specific details about the IPO's timing and pricing remain undecided, pending SEC review and market conditions. Following the public listing, PayPay will continue to be a subsidiary of SoftBank Corp.
Source: YAHOO