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. reported 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.

Google to Invest $15 Billion in India for AI Hub in Visakhapatnam

Salesforce Unveils $15B, Five-Year AI Investment Plan for San Francisco

Nominated for 2022 - HackerNoon Contributor of the Year - Psychology

Nominated for 2022 - HackerNoon Contributor of the Year - Social Media

Marketing Assistant & Editor

Too Long; Didn't Read

Download free Tech Leaders Productivity Report!

SoftBank Eyes $20 Billion Valuation for PayPay in Possible U.S. IPO

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

Amazon to Hire 250,000 U.S. Workers for Holiday Season Amid Spending Concerns

Pepeto vs Bitcoin Hyper, PEPENODE, and BlockDAG: Why This Meme Coin Presale Leads 2025

Chip Giant Qualcomm to Buy Arduino in Big Push Beyond Smartphones

Google to Invest €5 Billion in Belgium’s AI and Cloud Infrastructure

4 Business Lessons From the Failure of Wework - The 47 Billion Dollar ‘Tech’ Company

Amazon to Hire 250,000 U.S. Workers for Holiday Season Amid Spending Concerns

Pepeto vs Bitcoin Hyper, PEPENODE, and BlockDAG: Why This Meme Coin Presale Leads 2025

Chip Giant Qualcomm to Buy Arduino in Big Push Beyond Smartphones

Google to Invest €5 Billion in Belgium’s AI and Cloud Infrastructure

4 Business Lessons From the Failure of Wework - The 47 Billion Dollar ‘Tech’ Company

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps