European Investor
12 Mar 2026, 12:15
SoftBank Group said its subsidiary PayPay has priced its initial public offering at $16 per American depositary share, offering 54,987,214 ADSs on the Nasdaq Global Select Market under the ticker PAYP.
The offering includes 31,054,254 ADSs issued by PayPay and 23,932,960 ADSs sold by SoftBank Vision Fund 2 investment vehicle SVF II Piranha, valued at about $383 million. PayPay has also granted underwriters an option to purchase up to 8,248,081 additional ADSs to cover over-allotments.
Trading of the shares is expected to begin on March 12, 2026, with the IPO scheduled to close on March 13, 2026, subject to customary conditions. SoftBank said PayPay will remain its subsidiary following the listing.
The offering includes 31,054,254 ADSs issued by PayPay and 23,932,960 ADSs sold by SoftBank Vision Fund 2 investment vehicle SVF II Piranha, valued at about $383 million. PayPay has also granted underwriters an option to purchase up to 8,248,081 additional ADSs to cover over-allotments.
Trading of the shares is expected to begin on March 12, 2026, with the IPO scheduled to close on March 13, 2026, subject to customary conditions. SoftBank said PayPay will remain its subsidiary following the listing.