SoftBank-backed Japanese payment firm PayPay, which holds a 40% stake in Binance Japan, is reportedly preparing for an Initial Public Offering (IPO) on the Nasdaq in the United States. The company plans to issue approximately 55 million American Depositary Shares (ADS), with selling shareholders included, in an offering range of $17 to $20 per share. This aims to raise up to $1.1 billion, valuing the company at around $13.4 billion at the upper end of the price range. PayPay is expected to list under the ticker symbol "PAYP." (CoinDesk)

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