SoftBank Group said Friday PayPay confidentially submitted a draft Form F-1 to the US Securities and Exchange Commission for a proposed listing of American depositary shares on a US exchange.
The schedule, size, and price have not been set, and any listing depends on SEC review and market and other conditions, the company said.
PayPay will remain a unit after any listing, and SBG does not expect a material impact on its consolidated results or financial position, it said.
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