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21 SoftBank-Backed Payment App PayPay Rises in U.S. IPO

The Information
Valida Pau @ The Information 2 place · today 17:05 EDT

SoftBank-Backed Payment App PayPay Rises in U.S. IPO

PayPay shares rose nearly 20% in the Japanese mobile payment app’s debut in the U.S. stock market Thursday, before closing with a 13% gain and market cap of TK. The company raised almost $880 million in the IPO, including shares sold by investor SoftBank, making it the biggest listing ever ...

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