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Sign InSoftBank Group's payment app operator, PayPay, is preparing for an initial public offering in the United States with a target valuation of approximately $13.4 billion. The planned listing is a strategic move by SoftBank to bolster its cash reserves as it pivots towards aggressive expansion in the technology sector. Proceeds from the IPO are expected to fund the group's multi-billion dollar investments in artificial intelligence (AI) and next-generation infrastructure. This move highlights SoftBank's ongoing efforts to monetize its mature portfolio companies to fuel its long-term AI-centric strategy. Market analysts suggest that a successful high-valuation IPO would validate SoftBank's investment approach and provide significant liquidity for the parent company. The transition to U.S. markets marks a significant milestone for PayPay, which has dominated the digital payments landscape in Japan.