PayPay's Nasdaq IPO: Priced at $16, With Visa, QIA and ADIA as Cornerstone Investors
SoftBank-backed PayPay listed on the Nasdaq on March 12, 2026. It priced at $16 per ADS, below its $17-20 range, for a market cap of about $10.7 billion, then opened at $19 and closed the next day at $21.14, worth roughly $14.1 billion. Visa, the Qatar Investment Authority and ADIA committed up to $220 million combined as cornerstone investors. The plan: a dual QR and NFC wallet aimed at America's $2 trillion cash market.