Feb 12 (Reuters) - Japanese payments app PayPay, which is backed by SoftBank (9984.T) , on Thursday made public its paperwork for an initial public offering in the United States.
The move sets the stage for the first U.S. listing of a SoftBank-majority investment since the blockbuster IPO of chip designer Arm Holdings (ARM.O) in 2023.
PayPay’s stock market flotation was initially expected in December, but the longest-ever U.S. government shutdown
delayed the regulatory review
and pushed back the planned listing.
Goldman Sachs, J.P. Morgan, Mizuho, and Morgan Stanley are the lead underwriters for the offering.
PayPay will list on the Nasdaq under the symbol “PAYP”.

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- Japanese payments app PayPay has filed for an initial public offering in the United States, backed by SoftBank.  
- This marks the first U.S. listing for a SoftBank-majority investment since Arm Holdings' IPO in 2023.  
- The planned listing on Nasdaq under the symbol “PAYP” was delayed due to the longest-ever U.S. government shutdown affecting regulatory review.

Reuters

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GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

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GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

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SoftBank's PayPay moves closer to public markets with US IPO filing