Overview
- Deal documents outline a Nasdaq listing under the ticker PAYP and an implied valuation of about $13.4 billion at the top of the range.
- Cornerstone indications from Qatar Investment Authority, Abu Dhabi Investment Authority and Visa total up to roughly $220 million, subject to final pricing.
- Executives put marketing on hold after consulting advisors, with any restart contingent on market conditions and deal terms referencing a potential March 11 pricing window.
- PayPay reported profit of ¥103.3 billion on revenue of ¥278.5 billion for the nine months to December and says it has about 72 million registered users in Japan.
- The company holds a 40% stake in Binance Japan and its listing fits SoftBank’s broader push to monetize assets to fund new investments.