Citing sources familiar with the matter, Reuters reports that SoftBank is targeting a valuation of $14 billion for the Nasdaq listing.
Jointly formed by SoftBank and Yahoo Japan in 2018, PayPay has rapidly expanded and grown into one of Japan’s most widely used payment platforms, amassing roughly 72 million registered users.
Earlier this month, PayPay entered a partnership with Visa to extend its offering to the United States.
Read more: https://www.finextra.com/newsarticle/47377/visa-to-be-anchor-investor-in-paypay-ipo
