SoftBank-backed PayPay IPO pricing may be close to the lower end of the range, Reuters reports

2026-03-11 02:59:40

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Investing.com - According to Reuters on Wednesday, citing sources familiar with the matter, PayPay, supported by SoftBank Group (TYO:9984), may have its IPO pricing close to the lower end of its marketing range, weighed down by geopolitical tensions and a slowdown in global markets.

The report states that the Japanese digital payments company’s IPO subscription has exceeded five times, indicating strong investor demand despite recent market volatility.

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Reuters added that sources said the order book has now closed and the final price is expected to be determined after the US market closes on Wednesday.

According to regulatory filings earlier this month, PayPay will issue 55 million American Depositary Shares (ADS), with a price range of $17 to $20 per share, potentially valuing the company at up to $13.4 billion.

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