SoftBank's PayPay plans to price US IPO around low end of range, sources say

Exclusive-SoftBank’s PayPay prices IPO below range at $16 a share, sources say

By Echo Wang March 11 (Reuters) – SoftBank Group-backed PayPay priced its U.S. initial public offering at $16 per share on Wednesday, below its targeted price range, people familiar with the matter said, as the U.S.-Israeli war on Iran ​weighed on markets. The IPO raised $880 million based on 55 million American ‌depositary receipts sold, valuing the Japanese digital wallet provider at $10.7 billion, the people said, asking not to be identified …

SoftBank's PayPay plans to price US IPO around low end of range, sources say

TOKYO/NEW YORK, March 11 : The initial public offering of SoftBank's PayPay is likely to price around the low end of its marketing range as war in the Middle East roils markets, two people familiar with the matter said.PayPay's order book was more than five times oversubscribed and has now closed with pricing

Should You Buy PAYP Stock After the PayPay IPO?

The SoftBank subsidiary is looking to raise over a billion dollars.