SoftBank's PayPay US listing review stalled by government shutdown, company president says

PayPay’s logo is on display at an event in Tokyo, Japan, September 16, 2025. REUTERS/Miho Uranaka

TOKYO (Reuters) -Japan's SoftBank Corp President Jun Miyakawa said on Wednesday that the U.S. government shutdown has halted regulatory review of its payments app operator PayPay's planned listing in the U.S.

Reuters reported last month investors expect the valuation of PayPay could exceed 3 trillion yen ($20 billion) in a U.S. initial public offering that could come as early December.