SoftBank Plans PayPay Payments Business IPO In The US: Report
Portfolio Pulse from Lekha Gupta
SoftBank Group Corp is considering a US IPO for its PayPay payments business. The timing is unclear as PayPay, which reported an EBITDA loss of 11.9 billion yen in the year ended March, needs to demonstrate a path to profitability. This would be the second SoftBank company's listing on the US stock market after Arm Ltd. SFTBF shares closed lower by 1.44% at $47.83 on Tuesday.
July 12, 2023 | 9:58 am
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NEUTRAL IMPACT
SoftBank is planning a US IPO for its PayPay business. The company's shares closed lower by 1.44% at $47.83 on Tuesday.
The news of SoftBank's planned IPO for PayPay is directly related to the company. However, the impact on the stock price is uncertain as the timing and profitability of PayPay are unclear. The recent drop in share price may be unrelated to this news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
SoftBank is considering a US IPO for its PayPay business. The impact on SFTBY shares is uncertain.
The news of SoftBank's planned IPO for PayPay is directly related to the company. However, the impact on the stock price is uncertain as the timing and profitability of PayPay are unclear.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100