PayPay's U.S. Listing Application

August 15, 2025

Key Insights

SoftBank's digital payments subsidiary, PayPay Corp, has applied to list American depositary shares in the United States, potentially raising over $2 billion. ([reuters.com](https://www.reuters.com/business/media-telecom/softbanks-paypay-applies-us-listing-2025-08-15/?utm_source=openai))

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PayPay's Move Towards U.S. Public Listing

- IPO Details:
- PayPay Corp has applied to list American depositary shares in the U.S.
- The exact timeline, size, and pricing of the IPO are yet to be finalized.
- The move may raise over $2 billion and could take place as early as the final quarter of 2025.

- SoftBank's Strategy:
- Despite the public listing, PayPay will remain a subsidiary of SoftBank.
- SoftBank has been considering a U.S. listing for PayPay since at least 2023.

- PayPay's Role:
- PayPay has played a significant role in promoting digital payments in Japan.
- It also provides banking and credit card services.

Why It Matters:

This move signifies SoftBank's efforts to capitalize on the growing digital payments market and expand PayPay's presence in the U.S. financial landscape. ([reuters.com](https://www.reuters.com/business/media-telecom/softbanks-paypay-applies-us-listing-2025-08-15/?utm_source=openai))

Source: reuters.com