TSE:9984Wireless Telecom
PayPay IPO Puts Spotlight On SoftBank Group Valuation And AI Ambitions
PayPay, a SoftBank Group subsidiary, completed the largest US IPO by a Japanese company in a decade, listing on Nasdaq.
The shares opened strongly on debut, and SoftBank Group kept substantial voting control after the offering.
The deal is the first major US listing for SoftBank since Arm and focuses attention on its fintech and AI platform ambitions.
For investors watching TSE:9984, the PayPay IPO arrives at a time when SoftBank Group’s share price sits at ¥3,748.0, with a 1 year return of...