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SoftBank Corp. Considering U.S. Listing for PayPay Payments Business, Reuters Reports

Provided by Dow Jones

Jul 12, 2023 6:05am

--SoftBank Corp. is considering a U.S. listing for its PayPay payments business, Reuters reported Wednesday, citing unnamed sources.

--The timing of the potential listing is unclear as loss-making PayPay first needs to demonstrate a path to profitability, the Reuters report said.

Full story: https://www.reuters.com/markets/deals/softbank-considering-us-listing-paypay-payments-business-sources-2023-07-12/

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

July 12, 2023 02:05 ET (06:05 GMT)

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