TOKYO, Mar 30 (Pulse News Wire) – SoftBank Corp. (9434.T) announced today that its subsidiary, PayPay Corp., completed the initial public offering (IPO) of American Depositary Shares (ADS) in the United States on March 13, 2026.
Each ADS was sold at $16 per share, representing a total of 111,235,295 ADSs offered and sold, including 63,235,295 ADSs sold domestically. SVF II Piranha (DE) LLC, a fund ultimately controlled by SoftBank Group Corp., sold 63,235,295 ADSs as part of the offering. Additionally, the additional purchase option granted to underwriters expired fully exercised on March 27, 2026, also at $16 per share. The net proceeds to PayPay from the offering, after deducting underwriting discounts and estimated offering expenses payable by PayPay, amounted to approximately $1.779 billion (177,900 million yen). Trading of the ADSs began on the Nasdaq Global Select Market under the ticker symbol “PAYP” on March 12, 2026.
Goldman Sachs & Co. LLC, J.P. Morgan, Mizuho Securities USA LLC, and Morgan Stanley & Co. LLC served as joint book-running managers for the offering. Following the completion of the IPO, PayPay remains a consolidated subsidiary of SoftBank Corp.
The company does not expect the IPO to have a significant impact on its consolidated performance or financial condition.
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