TOKYO, Mar 30 (Pulse News Wire) – SoftBank Group Corp. (9984.T) announced that its subsidiary PayPay completed a U.S.
American Depositary Shares (ADS) offering on March 13, 2026 (U.S. time). A total of 63,235,295 ADSs were offered, with 23,932,960 ADSs sold by SVF II Piranha (DE) LLC, a fund ultimately controlled by SoftBank. The ADSs were priced at $16 per share, raising approximately ¥94.60 billion (about $603 million) net proceeds for PayPay after fees. Additionally, the over-allotment option was fully exercised on March 27, 2026, adding another 8,248,081 ADSs at the same price. Following the offering, PayPay remains a wholly-owned subsidiary of SoftBank, and the transaction will be recorded as capital surplus rather than operating income.
Trading of the ADSs began on Nasdaq Global Select Market under the ticker 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. Part of the shares were also sold domestically in Japan, with 8,653,079 ADSs sold locally at $16 per share.
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