PayPay and SoftBank Group seek to raise up to 1.1 billions USD through a US IPO
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PayPay plans to issue 31.1 million American Depositary Receipts (ADR), with an affiliated company of SoftBank Vision Fund II set to sell 23.9 million ADR shares. The offering price range is set at $17-20 per share. Based on the upper limit of the price range and the number of outstanding shares listed in its regulatory filings, PayPay's market capitalization will reach approximately $13.4 billions. (Bloomberg)
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