All of the sources declined to be identified as the information is not public.
Listings of Japanese companies in New York are rare. Tokyo-based chat app operator Line had a dual listing in 2016 and later merged with SoftBank's internet business, with more recent examples including the listing of Syla Technologies"Z Holdings shares reacted on hopes that a U.S.
PayPay booked a loss before interest, taxes, depreciation and amortisation of 11.9 billion yen in the year ended March, compared to a loss of 43.2 billion yen a year earlier.
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