TOKYO, Mar 12 (Pulse News Wire) – SoftBank Group Corp. (9984.T) announced today that its subsidiary PayPay Corp.'s American Depositary Shares (ADS) would be priced at $16 per share for its upcoming initial public offering (IPO) on Nasdaq Global Select Market.
The IPO, scheduled to commence trading under the ticker symbol PAYP, will offer a total of 54,987,214 ADS, comprising 31,054,254 ADS from PayPay and 23,932,960 ADS from SVF II Piranha (DE) LLC, a fund ultimately controlled by SoftBank. Additionally, PayPay granted underwriters an option to purchase up to 8,248,081 additional ADS to cover any oversubscription within 30 days after the final prospectus filing date. In preparation for the listing, Goldman Sachs & Co. LLC, J.P. Morgan, Mizuho Securities USA LLC, and Morgan Stanley & Co.
LLC will serve as joint book-running managers. Following the IPO, SoftBank’s stake in PayPay will decrease to approximately 28.84% percent, down from 34.00% percent prior to the issuance. However, since PayPay remains a subsidiary post-IPO, the transaction will impact equity rather than earnings. Additionally, part of the IPO will involve a domestic offering in Japan, where 8,653,079 ADS out of the total 54,987,214 ADS will be sold domestically through Mizuho Securities and PayPay Securities. The domestic offering adheres to securities regulations and filings made with the Kanto Regional Finance Bureau effective March 12, 2026.
Investors are advised to review PayPay's prospectus for detailed investment considerations.
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