US EditionJapan Digital Payment Firm PayPay Makes Major U.S. Stock Market Debut
7 Articles
7 Articles
Japanese fintech proceeded with the offering despite the conflict in the Middle East affecting global markets and negatively impacting risk appetite.
PayPay IPO Puts Spotlight On SoftBank Group Valuation And AI Ambitions
PayPay, a SoftBank Group subsidiary, completed the largest US IPO by a Japanese company in a decade, listing on Nasdaq. The shares opened strongly on debut, and SoftBank Group kept substantial voting control after the offering. The deal is the first major US listing for SoftBank since Arm and focuses attention on its fintech and AI platform ambitions. For investors watching TSE:9984, the PayPay IPO arrives at a time when SoftBank Group’s share p…
SoftBank's digital payment subsidiary, PayPay, debuted this Thursday on the stock market and managed to raise 19 per cent after its departure with a value of $879.8 million, the largest listing of a Japanese company on a U.S. stock exchange.The company's U.S. deposit certificates quoted at $18.10 each, above its 16 dollar stock exchange price.The ADRs were listed below the market range of $17-20. This listing gives the company a market value of …
PayPay sold ADR 31.1 million, while a subsidiary of SoftBank Vision Fund II, an investment division of the Japanese conglomerate, sold ADR 23.9 million
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