SoftBank Group Says PayPay Has Filed IPO Registration Statement

By Kosaku Narioka

SoftBank Group said payments app unit PayPay has filed a registration statement with the U.S. Securities and Exchange Commission for a planned initial public offering.

PayPay has applied to list American depositary shares on the Nasdaq Global Select Market, the Japanese technology investment company said Friday.

The exact timing, number of American depositary shares to be offered, and the price range for the offering haven't been determined, it said.

SoftBank Group said Goldman Sachs, J.P. Morgan, Mizuho Securities USA and Morgan Stanley are acting as joint book-running managers for the proposed offering.

PayPay is expected to continue being Softbank's subsidiary following the public listing, it said.

Write to Kosaku Narioka at [e-mail]

(END) Dow Jones Newswires

02-12-26 2025ET