PayPay US IPO Shares Listed on First Day, Opening at $19

Japanese fintech company PayPay (NASDAQ: PAYP) had its first day of trading on the NASDAQ market on Thursday. The stock opened at $19, up 18.8% from the IPO price of $16 per share.

According to documents filed with regulators, the company’s valuation during the IPO was approximately $12.1 billion.

PayPay issued nearly 55 million American Depositary Shares (ADS) in the IPO, raising about $880 million.

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