PayPay (PAYP) files for proposed IPO

PayPay (PAYP) has filed for a proposed IPO.

The company describes itself as: "As Japan’s leading financial technology company, we are dedicated to our goal of becoming a digital finance platform for all. We strive to empower the everyday lives of users and businesses by transforming their smartphones into a comprehensive, easy-to-use, and accessible financial platform that centralizes and simplifies numerous daily activities for ultimate convenience. Through a seamless ecosystem of payment, financial and everyday services, we have served as a game-changer in driving the shift to a cashless and digitally empowered economy. Through continued innovation, we aim to redefine how millions of individuals and businesses in Japan engage with finance throughout their daily activities."

Goldman Sachs, J.P. Morgan, Mizuho, Morgan Stanley will serve as lead underwriters.

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