This content originally appeared on HackerNoon and was authored by Tuan Anh Vu
SoftBank Group is preparing to list its payments unit PayPay in the United States as early as December, with investors expecting a valuation of more than 3 trillion yen ($20 billion), Reuters reported Monday, citing two people familiar with the matter.
SoftBank has been holding discussions with institutional investors since mid-September, with many viewing 2 trillion yen as a baseline valuation, while some expect the figure could top 3 trillion yen depending on market conditions and PayPay’s growth prospects.
PayPay dominates Japan’s QR code payment market and has helped accelerate the country’s shift toward cashless transactions, which surpassed 40% of all payments last year. The company is also expanding overseas, starting with enabling payments in South Korea, and recently acquired a 40% stake in Binance’s Japan unit to grow its crypto offerings.
The planned listing comes as the U.S. IPO market shows renewed activity, raising $24 billion in the third quarter, its busiest period since late 2021. SoftBank has already appointed investment banks for the potential offering, Reuters reported earlier.
This content originally appeared on HackerNoon and was authored by Tuan Anh Vu
Tuan Anh Vu | Sciencx (2025-10-15T05:02:10+00:00) SoftBank Eyes $20 Billion Valuation for PayPay in Possible U.S. IPO. Retrieved from https://www.scien.cx/2025/10/15/softbank-eyes-20-billion-valuation-for-paypay-in-possible-u-s-ipo/
Please log in to upload a file.
There are no updates yet.
Click the Upload button above to add an update.