SoftBank-Backed PayPay Targets $1.1 Billion in Nasdaq IPO Amid Crypto Expansion

Multiple reputable and independent financial news outlets, including Bloomberg, Reuters, Channel News Asia, and The Japan Times, all report that PayPay—backed by SoftBank—is planning an initial public offering in the United States aiming to raise approximately $1.1 billion. The details cited across these outlets are consistent: the IPO is to be listed on Nasdaq, the amount targeted is around $1.1 billion, and PayPay’s parent backing is SoftBank. These reports are based on filings or prospectus information rather than speculative commentary, which strengthens their reliability. While there is mention in later coverage of a delay in marketing the IPO, this does not contradict the core claim that such an IPO is planned. There are no credible sources disputing the information. Given the authority of the publications, their alignment in specifics, and the direct reference to formal IPO filings, the statement is almost certainly accurate.