Citigroup projects that more Asian companies will list in the U.S. as tech firms seek higher valuations. Year-to-date, Asian issuers have sold about $28 billion of American depositary receipts (ADRs), the most since 2020. SK Hynix's $26.5 billion listing accounted for the bulk, with PayPay adding $1 billion from its IPO.
Japan's leading mobile payment firm PayPay, backed by SoftBank and holding a 40% stake in Binance Japan, aims to raise up to $1.1 billion in a Nasdaq IPO. The listing was postponed due to Iran tensions.
TEAMZ Web3/AI Summit 2026, April 7-8 at Tokyo's Happo-en, expects over 10,000 attendees. Focus on RWA, stablecoins, AI. Sponsors include XRP Tokyo, Cardano, SBI VC Trade, Binance Japan, Aptos.
Japanese fintech giant PayPay, backed by SoftBank, files for US IPO aiming at $13.4 billion valuation and raising up to $1.1 billion. Its strategic alliance with Binance Japan highlights crypto payment ambitions, marking a key convergence of traditional finance and cryptocurrency.
Japanese fintech giant PayPay, backed by SoftBank, aims for a US IPO at up to $13.4 billion valuation, raising up to $1.1 billion. With 72M users and a 40% stake in Binance Japan, it bridges traditional payments with crypto.
SoftBank-backed PayPay filed for a US IPO targeting $13.4B valuation and up to $1.1B raise. Cornerstone investors include Visa and Qatar Holding. Its strategic alliance with Binance Japan hints at crypto financial expansion.
Binance Japan now supports PayPay Money for instant crypto deposits and withdrawals, with a minimum of 1,000 yen and fees as low as 110 yen. The integration follows PayPay's 40% acquisition of Binance Japan, bolstering SoftBank's Web3 push and PayPay's potential US listing.
Binance Japan now supports PayPay Money for 24/7 crypto deposits and withdrawals, adding its first major non-bank fiat rail. The move could improve retail access, strengthen Binance Japan’s local competitiveness, and deepen SoftBank-linked Web3 expansion.
