PayPay, which holds a 40% stake in Binance Japan, plans to go public on Nasdaq and aims to raise up to $1.1 billion
According to CoinDesk, SoftBank-backed Japan's largest cashless payment provider PayPay is seeking to raise up to $1.1 billion in a Nasdaq IPO, with a company valuation expected to exceed $10 billion.
PayPay plans to issue 55 million American depositary shares at a price of $17 to $20 per share, with the stock ticker "PAYP." The offering was originally scheduled to launch on Monday but was postponed due to global market turmoil triggered by the weekend's Middle East conflict. PayPay currently has over 70 million registered users, dominating Japan's smartphone payment market.
In October last year, PayPay acquired a 40% stake in Binance Japan and established a capital and business alliance with Binance Japan, aiming to connect digital payments with cryptocurrencies, allowing Binance Japan users to fund purchases and withdraw earnings through PayPay Money. PayPay was founded in 2018 as a joint venture between SoftBank's telecom subsidiary and Yahoo Japan.
You may also like

Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?

Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point

After a 48-hour ban, Claude reached the top of the App Store

If this is the beginning of the triple halving, what are top investors saying about what to expect?

After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow

Pantera Capital Partner: The Financial Trajectory of AI Agents

In the next 5 years, Vitalik will scale Ethereum like this

Sam Altman and the End of the World Capitalism

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?

Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?

MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene

Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap

Why is it said that there are structural opportunities in encrypted AI?

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents

Consumer application issues

Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish

Legendary investor Naval: In the AI era, traditional software engineers have no value?
