PayPay prices Nasdaq IPO at $16 to raise $880m

It's over 54.98 million shares on offer are priced at $16 per share.

PayPay Corporation has priced its initial public offering (IPO) at $16 per American depositary share (ADS), according to a 12 March 2026 online statement.

At this price, total proceeds are expected to be $879.79m.

This is lower than the share price range of $17 to $20 in the Nasdaq IPO page, which indicated a potential size offer of $1.26b.

Over 54.98 million shares are up for grabs, of which 31.05 million are offered by PayPay and 23.93m are offered by its shareholder SVF II Piranha (DE) LLC, an investment fund controlled by the SoftBank Group.

The ADs will begin trading at the Nasdaq Global Select Market on 12 March 2026 under the symbol PAYP.

The IPO is expected to close on 13 March 2026, US time.

Goldman Sachs & Co. LLC, J.P. Morgan, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the IPO.