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PayPay Prices US IPO At $16
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5.1
SoftBank-backed PayPay priced its US IPO at $16 per share on Wednesday, raising about $880 million from 55 million ADRs and valuing the Japanese digital wallet at $10.7 billion. The pricing fell below its $17–$20 target after geopolitical uncertainty tied to the US-Israel-Iran crisis and a brief roadshow delay; Visa, ADIA and a QIA unit committed up to $220 million. PayPay plans to list on Nasdaq as PAYP.
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