SoftBank Group Corp.
Notice Regarding the Determination of Terms for the Secondary Offering Accompanying the Nasdaq Global Select Market Listing of PayPay Corporation
PayPay Corporation plans an initial public offering of 54,987,214 ADS on the Nasdaq Global Select Market at $16 per ADS on March 12, 2026, with a secondary offering of 23,932,960 ADS by SVF II Piranha.
Key Figures
- Number of Offered ADS: 23,932,960 ADS (equivalent to 23,932,960 common shares)
- Offering Price: $16 per ADS
- Total Offering Amount: USD 383 million
AI要約
Overview of Capital Policy
PayPay Corporation has set the initial public offering price at $16 per ADS as of March 11, 2026 (U.S. time) for the Nasdaq Global Select Market listing, conducting a total offering and secondary sale of 54,987,214 ADS. Of these, 31,054,254 ADS are newly issued by PayPay, and 23,932,960 ADS are a secondary offering by selling shareholder SVF II Piranha. An overallotment option allows for the purchase of up to an additional 8,248,081 ADS. The listing is scheduled to commence on March 12, 2026 (U.S. time), with completion expected on March 13, 2026 (U.S. time).
Impact on Shareholders and Consolidated Financial Results
After the IPO, PayPay will remain a subsidiary of SoftBank Group; therefore, the proceeds equivalent to gains from new issuance and secondary sales will not be recorded in the consolidated income statement but will be recognized as capital surplus in the consolidated balance sheet. Due to the secondary offering, SoftBank Group’s shareholding will decrease from 216,762,800 shares to 192,829,840 shares, with ownership percentage falling from 34.00% to 28.84%. If the overallotment option is fully exercised, the ownership percentage will be 28.49%.
