PayPay Eyes $13.4B Valuation in Massive US IPO Filing
Japanese payments giant PayPay is looking to raise up to $1.1 billion by going public in the United States.
PayPay just dropped its US IPO filing, and the numbers are big. The company is targeting a raise of up to $1.1 billion at a valuation that could hit $13.4 billion.
The plan involves selling nearly 55 million shares priced between $17 and $20 each. Both PayPay and a selling shareholder are participating in the offering.
The IPO would mark a major milestone for the payments company as it taps US public markets for capital. At the top end of the range, this would be one of the more significant fintech listings in recent memory.
No word yet on exact timing for when shares start trading, but the filing signals things are moving fast. Investors will be watching closely to see where demand lands within that price range.