SoftBank backed PayPay files for US initial public offering on Nasdaq
Japanese payments app PayPay filed for a US IPO today after delays. The SoftBank backed firm will list on Nasdaq under the ticker PAYP with major bank support.
Insights:
PayPay, the digital payments giant from Japan 
JP, has officially filed paperwork for an initial public offering in the United States 
US. The company announced on February 12 that it intends to list its shares on the Nasdaq exchange under the ticker symbol PAYP. This move represents a significant milestone for the firm and its primary backer, SoftBank Group Corp. , as it marks the first U.S. listing of a SoftBank-majority investment since the high-profile debut of Arm Holdings plc American Depositary Shares in 2023.
JP, has officially filed paperwork for an initial public offering in the United States US. The company announced on February 12 that it intends to list its shares on the Nasdaq exchange under the ticker symbol PAYP. This move represents a significant milestone for the firm and its primary backer, SoftBank Group Corp. , as it marks the first U.S. listing of a SoftBank-majority investment since the high-profile debut of Arm Holdings plc American Depositary Shares in 2023.
