American stock market | SoftBank’s PayPay plans to price its US IPO around the low end of the range, sources say
ReutersLast updated: Mar 11, 2026 09:16:00 IST
Synopsis
SoftBank’s PayPay initial public offering is expected to be around the bottom of its marketing range as war in the Middle East roils markets, two people familiar with the matter said.
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ReutersThe IPO of SoftBankIt is PayPay The price is likely to be around the bottom of its marketing range as war in the Middle East roils markets, said two people familiar with the matter.
The IPO story has been covered more than five times, one of the sources said. It is now closed and pricing will be finalized after U.S. market hours on Wednesday, the source said.
THE Japanese payment app The operator was offering 55 million American depositary shares, priced at $17 to $20 apiece, a filing this month showed, targeting a valuation of up to $13.4 billion.
The people declined to be identified because the information is not public. PayPay declined to comment.
PayPay has played a pivotal role in encouraging Japanese consumers to abandon their preference for cash by offering discounts on its payments app.
However, its IPO journey has been bumpy. Its IPO round was initially postponed after markets were rocked by conflict in the Middle East, Reuters reported last week.
It had already postponed the IPO last year during the U.S. government shutdown, which disrupted regulatory processes and delayed the filing of regulatory applications.
PayPay plans to list on Nasdaq under the symbol “PAYP”. Reuters first reported plans to list in the United States in 2023.
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