Reported about 14 hours ago
SoftBank has selected major investment banks, including Goldman Sachs and JPMorgan Chase, to organize a potential US initial public offering for its payments app PayPay, which could raise over $2 billion. The IPO might take place in the last quarter of this year, marking SoftBank's first US listing since the successful IPO of Arm Holdings. PayPay aims to promote cashless transactions in Japan by providing incentives through its mobile app.
Source: YAHOO