SoftBank Subsidiary PayPay Sets US IPO Price at $16 per ADS
TOKYO, Mar 12 (Pulse News Wire) – SoftBank Corp. (9434.T) announced today that its subsidiary, PayPay Corp., set the offering price for its American Depositary Shares (ADS) at $16 per share for its up
TOKYO, Mar 12 (Pulse News Wire) – SoftBank Corp. (9434.T) announced today that its subsidiary, PayPay Corp., set the offering price for its American Depositary Shares (ADS) at $16 per share for its upcoming initial public offering (IPO) on Nasdaq Global Select Market.
The IPO, scheduled to begin trading under the ticker symbol PAYP (US time), will offer a total of 54,987,214 ADSs, comprising 31,054,254 ADSs offered by PayPay and 23,932,960 ADSs sold by SVF II Piranha (DE) LLC, an investment fund ultimately controlled by SoftBank Group Corp. Goldman Sachs & Co. LLC, J.P. Morgan, Mizuho Securities USA LLC, and Morgan Stanley & Co.
LLC are serving as joint book-running managers for the offering. Additionally, a portion of the ADSs—specifically 8,653,079 ADSs—are planned for domestic sale in Japan through Mizuho Securities Co., Ltd. and PayPay Securities Co., Ltd., with the same pricing of $16 per ADS. The IPO is expected to conclude on March 13, 2026 (US time), subject to customary closing conditions.
Post-IPO, SoftBank expects PayPay to remain a consolidated subsidiary without significantly impacting the group's consolidated performance or financial position.