SoftBank Plans Biggest US IPO Since Arm Went Public: Taps Top Wall Street Banks For A Potential $2 Billion Offering

Japan’s Softbank Group Corp. (OTC:SFTBY) is reportedly in talks with major U.S. investment banks regarding an initial public offering for its payments platform, PayPay.

Softbank is testing its 52-week high. See the chart here.

A $2 Billion Offering

The banks leading the preparations include Goldman Sachs Group Inc. (NYSE:GS), JPMorgan Chase & Co. (NYSE:JPM), Mizuho Financial Group Inc. (NYSE:MFG) and Morgan Stanley (NYSE:MS), according to a Reuters report.

The company is expected to raise more than $2 billion from the offering, which could conclude as early as the last quarter of this year, according to sources familiar with the matter.

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