Who are the cornerstone investors in PayPay's U.S. IPO?

Global investors, including Qatar Holdings and Visa, are preparing to invest over $200 million as cornerstone investors in PayPay's U.S. IPO.

What is PayPay's targeted valuation for its U.S. IPO?

PayPay is targeting a valuation of up to $14 billion for its initial public offering in the U.S.

How does SoftBank plan to fund its AI investments?

SoftBank plans to fund its artificial intelligence investments partly through the proceeds of PayPay's upcoming U.S. IPO.

Home / Business and Economy / Global Investors Eye $200M PayPay IPO

Global Investors Eye $200M PayPay IPO

28 Feb

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Summary

Investors commit over $200 million for PayPay's U.S. IPO.
PayPay targets up to $14 billion valuation in the listing.
SoftBank aims to fund AI investments through the IPO.

A consortium of international investors, featuring Qatar Holdings and Visa, is reportedly poised to inject over $200 million into PayPay's upcoming U.S. initial public offering. PayPay, a prominent Japanese digital payments firm, is seeking to achieve a valuation as high as $14 billion through this listing.

This public offering is anticipated to be the most significant for any Japanese entity on a U.S. stock exchange. The planned Nasdaq listing, slated for next month, aims to bolster investor confidence in PayPay's appeal. SoftBank, the parent company, views this IPO as a critical opportunity to secure funding for its aggressive expansion into artificial intelligence.

PayPay, established in 2018 by SoftBank and Yahoo Japan, has been instrumental in Japan's digital shift. It has successfully encouraged a move away from cash transactions by offering incentives through its mobile application. As of December 31, the platform boasts approximately 72 million registered users, solidifying its position as a leading payment service in Japan.

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