SoftBank-backed PayPay shows steady US IPO performance, still considering dual listing

MaticHoleFiller · 2026-03-15T19:17:36+00:00

SoftBank-backed PayPay successfully listed on the New York Stock Exchange, raising $880 million, with stock prices rising 14% on the first day and a company valuation of $12.1 billion. The CEO stated that the company may still consider dual listing on the Tokyo Stock Exchange in the future. This IPO marks the largest-scale US listing by a Japanese company in a decade, bringing positive news to SoftBank.

MaticHoleFiller

2026-03-15 19:17:36

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SoftBank Group’s digital payment company PayPay completed an $880 million IPO in New York. Its CEO stated that the company remains open to dual listing on the Tokyo Stock Exchange. The Japanese leading payment app’s American Depositary Receipts (ADRs) listed in New York rose 14% on the first day, closing at $18.16, above the $16 offering price, with a valuation of $12.1 billion. This IPO is the largest listing of a Japanese company in the U.S. in ten years and is a significant positive for SoftBank and its telecom subsidiary (both holding the majority stake in PayPay). PayPay CEO Ichiro Nakayama said in an interview that while U.S. listing is necessary for the company’s growth, they will remain flexible about listing in Japan in the future. “We have not ruled out that option at all.”

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