06:41 AM EDT, 03/11/2026 (MT Newswires) -- PayPay (PAYP) is likely to price its initial public offering of 55 million American depositary shares at the lower end of its price range of $17 to $20 per ADS, Reuters reported late Tuesday, citing two sources familiar with the matter.

The Japanese payment app company was targeting a valuation of up to $13.4 billion, the report said. Pricing is set to be finalized after market hours Wednesday as PayPay has closed its order book, which was oversubscribed more than five times, the report added.

PayPay did not immediately respond to MT Newswires' request for a comment.

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