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flag PayPay, Japan’s top mobile payment app, filed for a U.S. IPO on Feb. 12, 2026, with SoftBank retaining ownership.

flag PayPay, Japan’s leading mobile payment app and a SoftBank subsidiary, has filed for a U.S. IPO, aiming to list American depositary shares on Nasdaq. flag The filing, made on February 12, 2026, follows delays from the 2023 government shutdown. flag The company reported a 103.3 billion yen profit and 278.5 billion yen in revenue for the nine months ending December 31, 2025. flag Goldman Sachs, J.P. Morgan, Mizuho, and Morgan Stanley are lead underwriters. flag The offering’s size, price range, and timing remain undetermined. flag SoftBank will retain ownership post-IPO.

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