European Investor
03 Mar 2026, 13:19
PayPay Corporation, a subsidiary of SoftBank Group Corp., has launched the roadshow for its initial public offering of American depositary shares (ADSs).
A total of 54,987,214 ADSs are being offered, including 31,054,254 ADSs issued by PayPay and 23,932,960 ADSs offered by SVF II Piranha (DE) LLC, an investment vehicle of SoftBank Vision Fund 2. PayPay also plans to grant underwriters a 30-day option to purchase up to 8,248,081 additional ADSs. The expected price range is $17 to $20 per ADS, and the company has applied to list on the Nasdaq Global Select Market under the ticker “PAYP”.
Goldman Sachs, J.P. Morgan, Mizuho Securities USA, and Morgan Stanley are acting as joint book-running managers. SoftBank Group expects PayPay to remain its subsidiary after the IPO and does not anticipate a material impact on its consolidated financial position.
A total of 54,987,214 ADSs are being offered, including 31,054,254 ADSs issued by PayPay and 23,932,960 ADSs offered by SVF II Piranha (DE) LLC, an investment vehicle of SoftBank Vision Fund 2. PayPay also plans to grant underwriters a 30-day option to purchase up to 8,248,081 additional ADSs. The expected price range is $17 to $20 per ADS, and the company has applied to list on the Nasdaq Global Select Market under the ticker “PAYP”.
Goldman Sachs, J.P. Morgan, Mizuho Securities USA, and Morgan Stanley are acting as joint book-running managers. SoftBank Group expects PayPay to remain its subsidiary after the IPO and does not anticipate a material impact on its consolidated financial position.