Softbank-Backed PayPaY Debut on NASDAQ Shares Jumping to $84 Billion Valuation
SoftBank-backed PayPay Corp made its U.S. stock market debut on Wednesday morning (March 13) by listing shares with an opening price of roughly$90, valuing the Japanese digital payment firm at approximately $27 billion based on a closing figure near that mark in New York City's Nasdaq exchange.
Key Points
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1SoftBank-backed PayPay Corp made its U.S. stock market debut on Wednesday evening.
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2Shares opened approximately 19% above their initial offer price during trading sessions in New York, signaling strong investor demand for Japan's digital payment firm.
Developments
Perspectives
PayPay Corp., the provider of Japan's popular digital payment application made its major stock debut on Thursday, with shares opening 19% above their offering price in an IPO valued at $80 million.
— [Mar 23:45] PayPay makes U.S. Stock Market Debut (The New York Times)"We are thrilled to bring our digital payment platform closer to the world," said Masahiro Hasegawa, CEO of SoftBank Group Corp., in a statement.
— [Mar 23:45] PayPay makes U.S. Stock Market Debut (The New York Times)"This is an important milestone for our company and we are excited to continue expanding globally," said Masahiro Hasegawa, CEO of SoftBank Group Corp.
— [Mar 23:45] PayPay makes U.S. Stock Market Debut (The New York Times)"We believe that the digital payment industry is a key driver for economic growth and we are committed to supporting our customers with innovative solutions," said Masahiro Hasegawa, CEO of SoftBank Group Corp.
— [Mar 23:45] PayPay makes U.S. Stock Market Debut (The New York Times)"We believe that the digital payment industry is a key driver for economic growth and we are committed to supporting our customers with innovative solutions," said Masahiro Hasegawa, CEO of SoftBank Group Corp.
— [Mar 23:45] PayPay makes U.S. Stock Market Debut (The New York Times)PayPlay Corp debuted on Nasdaq Thursday with a market value exceeding its offering price, ringing out at $9 above initial expectations despite broader U.S. stock declines due to Middle East tensions. The company issued 31 million new shares for global expansion and plans entry into the American Visa merchant network using QR code technology alongside SoftBank's significant stake in PostPay Corp holdings post-listing.
PayPy Corp debuted on Nasdaq Thursday with a market value exceeding $12 billion, trading at prices significantly above its offering price despite broader U.S. stock declines due to Middle East tensions. The company issued new shares for global expansion and plans further growth in the United States through partnerships like Visa Inc., building upon 73 million existing users since launching their app in Japan in 2018.