US EditionSoftBank-Backed PayPay Valued at $12.7 Billion in Nasdaq Debut as Shares Jump
PayPay raised $880 million by pricing IPO below range; shares opened up to 37.5% above offer price, valuing the company near $14.7 billion as it plans U.S. expansion with Visa.
- On March 12, 2026, PayPay's Nasdaq debut saw shares open roughly 19% above the $16 offer price, valuing the app at $12.7 billion; the company and a SoftBank-controlled fund sold about 55 million ADS below the marketed range, raising roughly $880 million.
- The IPO, delayed from December after last fall's U.S. government shutdown, was the first U.S. listing of a SoftBank majority investment since Arm's 2023 IPO, reflecting SoftBank's AI push including its bet on OpenAI.
- Jointly formed by SoftBank and Yahoo Japan in 2018, PayPay had roughly 72 million registered users and reached $14.71 billion GMV within years, expanding into credit and securities.
- Market watchers said PayPay trading well is a positive for the IPO market amid a struggling U.S. IPO market over the past month, while analysts noted pricing below range supports SoftBank's future secondary offerings.
- Japan's lagging payments technology leaves PayPay ample runway, last month it announced a Visa partnership and began U.S. expansion talks, while IPOX Research analysts describe a 'buyers' market'.
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PayPay Lands On Nasdaq — And Cathie Wood Is Already In As Ark Scoops Up $5 Million Worth Of Stock - PayPay (NASDAQ:PAYP)
Ark Invest's Cathie Wood snapped up $5 million in PayPay stock on the Japanese fintech's Nasdaq debut day as the stock surged 13% on Thursday, March 12, 2026.
SoftBank-backed PayPay shares set to open 38% above IPO price
March 12 : Shares of PayPay were indicated to open 37.5 per cent above their offer price in their Nasdaq debut on Thursday, giving the SoftBank-backed Japanese payments app a potential valuation of $14.71 billion.PayPay's stock was indicated to open at $22, compared with the $16 offer price. The company and a
SoftBank-backed PayPay valued at $12.7 billion in Nasdaq debut as shares jump
PayPay's shares opened roughly 19% above their offer price in a widely anticipated Nasdaq debut on Thursday, valuing the Japanese payments app at $12.7 billion and giving a much-needed boost to the new listings market.
US Stock Market | SoftBank's PayPay prices IPO below range at $16 a share
PayPay, a Japanese digital wallet provider, has priced its U.S. initial public offering at $16 per share. This figure is below its initial target range. The offering raised approximately $880 million. The market sentiment was impacted by geopolitical events. This listing marks a significant debut for a SoftBank majority investment in the U.S. market.
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