LY Corporation
Notice Regarding the Announcement of the Offering Price for the Initial Public Offering of American Depositary Shares by PayPay Corporation in the United States
PayPay Corporation set the offering price for 54,987,214 ADS at 16 USD per ADS for the IPO on March 11, 2026, in the United States, with trading scheduled to begin on NASDAQ starting March 12, 2026.
Key Figures
- Offering Price: 16 USD per ADS
- Total Number of Shares Offered and Sold: 54,987,214 ADS
- Domestic Secondary Offering Shares: 8,653,079 ADS
AI要約
Overview of the Initial Public Offering
PayPay Corporation set the offering price at 16 USD per ADS for the initial public offering of 54,987,214 American Depositary Shares (ADS) representing common stock in the United States, scheduled on March 11, 2026 (U.S. time). The number of newly offered shares is 31,054,254 ADS, and the number of shares sold by selling shareholders is 23,932,960 ADS, making a total of 54,987,214 ADS offered and sold. Trading is scheduled to commence on the NASDAQ Global Select Market under the ticker symbol “PAYP” starting March 12, 2026.
Impact on Shareholders and Future Outlook
After this IPO, PayPay is expected to remain a consolidated subsidiary of LINE Yahoo Corporation, with no significant impact on our consolidated operating results or financial condition. In addition, an over-allotment option allows for the purchase of up to 8,248,081 additional ADS. A domestic secondary offering of 8,653,079 ADS is also planned, handled by Mizuho Securities Co., Ltd. and PayPay Securities Co., Ltd. Investors should refer to the prospectus when making investment decisions.
