A group of investors – including Visa (V), Qatar Holdings, an investment arm of the Qatar Investment Authority, and Abu Dhabi Investment Authority – is preparing to invest more than $200M as cornerstone investors in the U.S. initial public offering by SoftBank’s (SFTBY) PayPay, two people familiar with the matter told Reuters. The Japanese digital payments provider is targeting a valuation of up to $14B in what could be the biggest listing for a Japanese company on a U.S. stock exchange, the report added.
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