Exclusive: SoftBank considering US listing for PayPay payments business

               TOKYO, July 12 (Reuters) – SoftBank is considering a U.S. listing for its PayPay payments business, three sources familiar with the matter said, in what could mark another American listing for Masayoshi Son’s sprawling tech conglomerate along with chip designer Arm.

New York is seen as a more attractive destination than Tokyo given the higher valuations tech companies generally achieve, one of the sources said. The timing of the listing was still unclear as money-losing PayPay needs to first demonstrate a clear path to profitability, the source said.