PayPay IPO pricing below the expected range, SoftBank stock price declines

LootboxPhobia · 2026-03-12T03:54:45+00:00

SoftBank Group's stock price fell due to its digital payments company PayPay's US IPO pricing below the target range. PayPay set the offering price at $16 per share, below the original $17 to $20. The deal is expected to raise approximately $880 million, with shares trading on Nasdaq starting March 12.

LootboxPhobia

2026-03-12 03:54:45

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Investing.com - SoftBank Group (TYO:9984) stock fell on Thursday after its digital payments affiliate PayPay’s U.S. IPO pricing came in below the target range.

PayPay set its offering price at $16 per American Depositary Share (ADS), below the previously advertised range of $17 to $20.

As of 03:30 GMT, SoftBank’s stock listed in Tokyo declined 4%, to 3,727 yen.

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The offering raised approximately $880 million by selling about 55 million ADS.

These ADS are expected to begin trading on the Nasdaq Global Select Market on March 12, under the ticker “PAYP.” The IPO is scheduled to close on March 13, subject to customary closing conditions.

Of the total shares issued, about 31.05 million ADS were issued by PayPay, while approximately 23.93 million ADS were sold by SVF II Piranha (DE) LLC, an investment vehicle ultimately controlled by SoftBank.

The lower pricing reflects geopolitical tensions and broader market volatility, which are dampening investor interest in new listings.

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