SoftBank picks banks for PayPay U.S. IPO - report

3 hours ago 1
IPO concept with financial charts and coins in background

Sumala Chidchoi

SoftBank (OTCPK:SFTBY) (OTCPK:SFTBF) has selected a group of major investment banks to organize a potential IPO for its Japanese payments app operator PayPay in the U.S., Reuters reported, citing people familiar with the matter.

The IPO could raise above $2

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