Feb 12 (Reuters) - Japanese payments app PayPay, which is backed by ​SoftBank, on Thursday ‌made public its paperwork for ⁠an initial public offering ⁠in the United States.

The ‌move ‌sets the stage for the ​first U.S. ‌listing of a SoftBank-majority investment since the ​blockbuster IPO ​of ‌chip designer Arm Holdings ( ARM ) in 2023.

PayPay's stock market flotation ⁠was initially expected ⁠in December, but the longest-ever U.S. government shutdown delayed the regulatory ⁠review ‌and pushed back ‌the planned listing.

Goldman Sachs, ⁠J.P. Morgan, Mizuho, and Morgan Stanley are the lead underwriters for the offering.

PayPay will list on the ​Nasdaq under the symbol "PAYP".

(Reporting by Arasu Kannagi Basil ​in ‌Bengaluru; Editing by ​Maju Samuel)