PayPay, SoftBank Group's payments app operator, is aiming for a valuation of up to $13.4 billion in its upcoming U.S. initial public offering.
The company plans to offer approximately 55 million American depositary shares at a price range of $17.00 to $20.00 per share. Following the IPO, SoftBank Group entities are expected to maintain a significant voting stake of around 91.8%.
The article also notes PayPay's substantial user base in Japan, reaching 72 million registered users by the end of 2025. In a separate but related development, SoftBank announced plans to invest an additional $30 billion in OpenAI this year, bringing its total investment in the AI company to $64.6 billion and resulting in a projected 13% stake.
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