SoftBank-Backed PayPay Targets $13.4B Valuation in Nasdaq IPO Push
PayPay, the Japanese fintech giant backed by SoftBank, is advancing toward a U.S. IPO that could value the company at up to $13.4 billion. The digital payments leader plans to sell 55 million American depositary shares priced between $17 and $20, aiming to raise approximately $1.1 billion. If successful, the listing WOULD rank among the largest by a Japanese company on Nasdaq in recent years, trading under the ticker 'PAYP.'
The MOVE comes despite global market volatility fueled by geopolitical tensions, which forced PayPay to briefly postpone its roadshow. Analysts suggest strong domestic fintech platforms like PayPay—with 72 million registered users—can attract investor interest even during uncertain periods. Renaissance Capital's Matt Kennedy notes the IPO signals confidence in PayPay's business model, which grew aggressively through waived merchant fees and cashless payment promotions since its 2018 founding.
