SoftBank Group Corp.
Notice Regarding Completion of Initial Public Offering of American Depositary Shares in the United States by PayPay Corporation and Full Exercise of Underwriters’ Overallotment Option
PayPay Corporation completed the IPO of 54,987,214 ADS at 16 USD per ADS on March 13, 2026, and the overallotment option for 8,248,081 ADS was fully exercised, completing a total offering and sale of 63,235,295 ADS.
Key Figures
- Number of shares in IPO: 54,987,214ADS
- Number of shares from overallotment option exercise: 8,248,081ADS
- Total shares offered and sold: 63,235,295ADS
AI要約
Overview of the IPO
PayPay Corporation completed an initial public offering of 54,987,214 ADS representing common stock on a U.S. securities exchange at 16 USD per ADS on March 13, 2026 (U.S. time). Furthermore, the overallotment option for up to 8,248,081 ADS was fully exercised on March 27, 2026, resulting in a total offering and sale of 63,235,295 ADS. Consequently, the estimated net proceeds to PayPay amounted to 94.6 billion JPY (603 million USD).
Impact on Shareholders and Transaction Details
The selling shareholder, SVF II Piranha, sold 23,932,960 ADS, with estimated net proceeds from the secondary offering of 57.8 billion JPY (369 million USD). PayPay remains a subsidiary of SoftBank Group. The proceeds equivalent to the sale from this offering are not recorded in the consolidated income statement but are accounted for as additional paid-in capital in the consolidated statement of financial position. These ADS started trading on the Nasdaq Global Select Market under the ticker symbol "PAYP" from March 12, 2026.
SoftBank Group Corp.
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