SoftBank Group Picks Banks for PayPay IPO in U.S., Reuters Reports, Citing Sources

Dow Jones

Aug 11

--SoftBank Group has chosen the investment banks to help arrange a potential initial public offering in the U.S. for its Japanese payments app operator PayPay, Reuters reports, citing unnamed sources.

--The PayPay IPO may raise more than $2 billion when it takes place, the report said.

Full story: https://www.reuters.com/business/finance/softbank-selects-banks-us-ipo-payments-app-paypay-sources-say-2025-08-10/

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

August 10, 2025 21:01 ET (01:01 GMT)

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