04:38 AM EDT, 03/12/2026 (MT Newswires) -- PayPay said Thursday it priced its initial public offering of roughly 55 million American depositary shares at $16 each.

Underwriters received a 30-day option to purchase up to an additional 8.3 million shares to cover overallotments, the company said.

The Softbank Group-backed company's transaction includes over 31 million shares offered by the business alongside nearly 24 million shares from a SoftBank-controlled investment fund, PayPay said.

The company also said the securities are expected to begin trading on the Nasdaq exchange Thursday, under the symbol "PAYP."

The offering is expected to close Friday.