Investors expect the valuation of PayPay could exceed 3 trillion yen ($20 billion) as SoftBank
prepares for an initial public offering of the Japanese payments app operator in the United States as early as December, according to two sources.
SoftBank has been meeting with institutional investors since mid-September to discuss potential valuations in the IPO, the sources, who are familiar with the matter, said.
Investors see 2 trillion yen as a baseline but expect the valuation could top 3 trillion yen, according to the sources.
The potential valuation and the views of investors are being reported by Reuters for the first time. PayPay declined to comment.
