Overview
- PayPay priced its American depositary receipts at $16 each, below the $17–$20 range, selling about 55 million shares to raise roughly $879.8 million.
- Shares opened at $19 for an initial valuation near $12.7 billion and closed the first day at $18.16, valuing the company around $12.1 billion.
- The company sold about 31.1 million new ADRs while a SoftBank Vision Fund II affiliate sold roughly 23.9 million, partially monetizing SoftBank’s stake.
- Chief executive Ichiro Nakayama said the company remains open to a future dual listing in Tokyo after the U.S. debut.
- Post-offer, roughly 90% of shares remain held by corporate owners including SoftBank Corp. and LY Corp., as PayPay pursues U.S. growth via a new Visa-backed venture and reports strong metrics with about 72–73 million users and nine‑month profit of ¥103.3 billion on ¥278.5 billion revenue.