Core Viewpoint - SoftBank Group is preparing to push its QR code payment platform, PayPay, to go public in the U.S. stock market, aiming for a valuation exceeding 3 trillion yen (approximately 19.6 billion USD) [1] Group 1: IPO Details - PayPay plans to submit its prospectus to the U.S. Securities and Exchange Commission (SEC) this month, with the goal of listing on the Nasdaq in March [1] - The company intends to sell about 10% of its shares, adjusting the offering size based on demand to achieve a free float ratio of approximately 10%, which is a key threshold for inclusion in the Nasdaq-100 index [1] Group 2: Company Background - PayPay was established in 2018 as a joint venture between SoftBank Group's telecommunications subsidiary and Yahoo Japan (now known as LY Corp.), with both parties holding a combined 66% stake [1] - The remaining 34% is owned by SoftBank's Vision Fund 2 [1] Group 3: Market Position and Financial Performance - PayPay currently holds approximately 70% of the smartphone payment market in Japan [1] - The company achieved EBITDA profitability in the fiscal year 2023, marking a turnaround from previous losses [1]
软银旗下“日版支付宝”据传3月登陆美股市场