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

Group 1 - PayPay, a Japanese payments app backed by SoftBank, has filed for an initial public offering (IPO) in the United States, marking a significant step towards its public market debut [1] - This IPO will be the first U.S. listing of a SoftBank-majority investment since the successful IPO of chip designer Arm Holdings in 2023 [1] - The planned listing on Nasdaq under the symbol "PAYP" was initially expected in December but was delayed due to the longest-ever U.S. government shutdown affecting regulatory review [1] Group 2 - Goldman Sachs, J.P. Morgan, Mizuho, and Morgan Stanley are serving as the lead underwriters for PayPay's IPO [1]