TOKYO -- PayPay, a fast-growing Japanese mobile payment app backed by SoftBank Group, can go public anytime, a SoftBank executive said on Thursday.
Ken Miyauchi, CEO of SoftBank's mobile arm SoftBank Corp., said in an earnings press conference that he was approached by a brokerage about a proposal for taking PayPay public. When asked whether PayPay has the potential to be valued as a unicorn -- a company worth $1 billion or more -- he said it is "not even close," indicating that the figure could be far higher.
