Image for SoftBank payments app unit PayPay submits application for US listingReuters
SoftBank said on Friday that payments app operator PayPay Corp has applied to list American depositary shares in the United States.

The exact schedule, size and price for the public listing have yet to be determined, SoftBank said in a statement.

Reuters reported this week that SoftBank had selected banks for a potential initial public offering in the U.S.

The offering may raise more than $2 billion from investors and could…