Japan’s PayPay files for Nasdaq IPO

A public offering of the American depositary shares is also planned.

PayPay Corporation, a Japanese mobile payment service provider, has filed a registration statement for a proposed initial public offering (IPO) on US stock exchange Nasdaq.

PayPay has applied to list American depositary shares (ADSs) under the symbol PAYP on the Nasdaq Global Select Market, according to a press release on 13 February 2026.

The exact timing, number of shares to be offered, and price range have not yet been determined.

A public offering of the ADSs in Japan is also planned, and PayPay has filed a securities registration statement with the Kanto Local Finance Bureau in Japan.

Goldman Sachs, J.P. Morgan, Mizuho Securities USA, and Morgan Stanely will act as joint book-running managers for the IPO.

The proposed offering will be made only by means of prospectus, PayPay said.