SoftBank Group Corp. announced that its subsidiary PayPay Corporation publicly filed a registration statement on Form F-1 with the U.S. SEC on February 12, 2026 (U.S. time) for a proposed initial public offering of American depositary shares (ADSs). PayPay has applied to list the ADSs on the Nasdaq Global Select Market under the ticker “PAYP.” The timing, size, and price range of the offering have not yet been determined.

Goldman Sachs, J.P. Morgan, Mizuho Securities USA, and Morgan Stanley are acting as joint book-running managers. In parallel, PayPay also filed a securities registration statement in Japan for a planned public offering of ADSs.

SoftBank Group intends to retain PayPay as a subsidiary following the listing and does not expect the IPO to have a material impact on its consolidated financial position. PayPay is a subsidiary of SoftBank Corp. and LY Corporation and is also a portfolio company of SoftBank Vision Fund 2.

Source: SoftBank Group Corp. Press Release, February 13, 2026.