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An update from LY Corporation ( (JP:4689) ) is now available.
PayPay Corporation, the digital payments subsidiary of LY Corporation, has priced its U.S. initial public offering at US$16 per American depositary share, with 54,987,214 ADSs to be sold on the Nasdaq under the ticker “PAYP.” Of the total, 31,054,254 ADSs will be issued by PayPay and 23,932,960 will be sold by SoftBank-controlled SVF II Piranha, with an additional over-allotment option of up to 8,248,081 ADSs for underwriters.
The deal includes a parallel public offering of 8,653,079 ADSs in Japan at the same price, extending access to domestic investors while maintaining PayPay as a consolidated subsidiary of LY Corporation. LY has indicated that the transaction is not expected to have a material impact on its consolidated results or financial position, suggesting the listing is aimed more at capital market visibility and ownership diversification than near-term financial restructuring.
The most recent analyst rating on (JP:4689) stock is a Hold with a Yen450.00 price target. To see the full list of analyst forecasts on LY Corporation stock, see the JP:4689 Stock Forecast page.
More about LY Corporation
LY Corporation is a Japan-based technology group best known for its digital services ecosystem, including communications, fintech and online platforms. Through subsidiaries such as PayPay, it focuses on cashless payments and related financial services, targeting both domestic Japanese users and international investors through capital markets listings.
Average Trading Volume: 21,554,275
Technical Sentiment Signal: Sell
Current Market Cap: Yen2747.6B
For a thorough assessment of 4689 stock, go to TipRanks’ Stock Analysis page.