NewTimeSpace News:On March 3, 2026, PayPay Corporation, a subsidiary of SOFTBANK GROUP CORP., announced the launch of its IPO roadshow, with the fundraising instrument being American Depositary Shares (ADSs) representing its common shares. It is reported that a total of 54,987,200 ADSs are to be issued in this IPO, among which 31,054,300 ADSs will be offered by PayPay itself and 23,932,900 ADSs by SVF II Piranha (DE) LLC, an investment fund under SoftBank Vision Fund 2. The expected price range for the ADSs is set at $17 to $20 per share. PayPay has filed an application to list on the Nasdaq Global Select Market under the stock ticker "PAYP".

For the underwriting arrangement, Goldman Sachs, J.P. Morgan, Mizuho Securities USA LLC and Morgan Stanley will act as the joint book-running managers for the IPO. In addition, as part of the IPO, PayPay plans to conduct a simultaneous public offering of ADSs in Japan, with 8,653,100 ADSs to be offered in the Japanese market at the same price as in the U.S. market.

SOFTBANK GROUP CORP. indicated that PayPay will continue to operate as its subsidiary following the completion of the IPO, and the IPO will not have a material impact on SoftBank's consolidated results or financial position.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.