The company’s American depositary receipts (ADRs) closed at US$18.16 each in New York, above its IPO price of US$16. The trading gives the company a market value of around US$12.1 billion, based on the outstanding shares listed in its filings. PayPay sold 31.1 million ADRs, while an affiliate of SoftBank Vision Fund II, an investment arm of the Japanese conglomerate, sold 23.9 million. PayPay originated in 2018 as a joint venture with Vision Fund-backed Indian payments company Paytm. SoftBank Group was expected to control about 92% of the votes in PayPay following the IPO, the filings showed.

Source: The Edge Markets March 13, 2026 01:29 UTC