LY Corporation
Announcement Regarding Completion of Initial Public Offering of American Depositary Shares by PayPay Corporation in the United States and Full Exercise of the Underwriters’ Overallotment Option
On March 13, 2026, PayPay Corporation completed an IPO of 54,987,214 ADS at 16 USD per ADS. Additionally, the underwriters exercised all 8,248,081 ADS of the overallotment option, resulting in a total offering of 63,235,295 ADS and approximately JPY 94.6 billion net proceeds.
Key Figures
- Number of shares offered in IPO: 54,987,214 ADS
- Number of shares exercised under overallotment option: 8,248,081 ADS
- Estimated net proceeds: JPY 94.6 billion (USD 603 million)
AI要約
Overview of the IPO
PayPay Corporation completed the IPO of 54,987,214 ADS representing common stock on the U.S. stock exchange at a price of 16 USD per ADS on March 13, 2026. Furthermore, the underwriters fully exercised the overallotment option of up to 8,248,081 ADS on March 27, 2026, resulting in a total offering and sale of 63,235,295 ADS. Among the selling shareholders was SVF II Piranha (DE) LLC, ultimately controlled by SoftBank Group, which sold 23,932,960 ADS.
Impact on Shareholders and Future Outlook
Through this IPO, PayPay secured net proceeds of approximately JPY 94.6 billion (USD 603 million) while remaining a consolidated subsidiary of LINE Yahoo Corporation. This IPO is not expected to have a material impact on the consolidated financial results or financial position of the company. The ADS began trading on the Nasdaq Global Select Market under the ticker symbol “PAYP” on March 12, 2026.
