PayPay Pops in Nasdaq Debut, Valuing SoftBank-Backed Wallet at $14.7 Billion
PayPay Corp opened trading at $19 on its Nasdaq debut, rising 18.75% above the $16 IPO price and implying a valuation near $14.71 billion. The SoftBank-backed digital payments platform sold 55 million American Depositary Shares and raised about $880 million, with investors showing early appetite for its dominant domestic position and planned expans…