Today In Payments Around The World: SoftBank Aims To Have IPO For PayPay; Infobip Raising $500 Million Toward IPO

In today’s top payments news around the world, SoftBank is looking to have an initial public offering (IPO) for PayPay, while Infobip aims to raise roughly half a billion dollars in preparation for a U.S. IPO. Plus, Hedosophia is looking to notch $486 million for an Amsterdam special purpose acquisition company (SPAC).

SoftBank Seeks IPO For Payment App PayPay

Japanese conglomerate SoftBank said Tuesday (May 11) that it is aiming to have an IPO for PayPay, its QR code payment app. “We want PayPay to IPO in the future so they will become independent… I don’t think that would be too far out,” CEO Junichi Miyakawa said at an earnings briefing, per Reuters.

Chatbot Maker Infobip Raising $500 Million Toward IPO

Infobip, a Croatian tech firm that makes customer service chatbots, seeks to raise approximately $500 million in preparation for a U.S. IPO. “The market is very hot, very dynamic, it is moving quickly, and we plan to execute a few M&As before going public,” CEO Silvio Kutic said, per Bloomberg. “In the next two to three months, we should be able to close on the deals we are working on already.”

Hedosophia’s Ian Osborne Eyes Amsterdam Listing Via SPAC

Hedosophia is aiming to notch $486 million for an Amsterdam SPAC that will ultimately target a European tech unicorn with a valuation of as much as $6 billion. Hedosophia European Growth will combine with a current private group and take it public. The news comes as SPACs are now considered to be among the hottest investment trends in the U.S. and Asia.

JAB Pet Care Conglomerate May Go Public

The pet care portfolio of Luxembourg-based JAB is eyeing going public as demand jumps for animal healthcare services. JAB developed that portfolio in 2019 via the purchases of National Veterinary Associates and Compassion-First Pet Hospitals. It could reportedly be looking for a U.S.-based listing later in 2021 or early in 2022.

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