LY’s PayPay Launches Nasdaq IPO Roadshow With Dual Japan Offering

LY Corporation ( (JP:4689) ) has provided an announcement.

LY Corporation’s subsidiary PayPay Corporation, a cashless payment provider, has launched a roadshow for an initial public offering of American depositary shares on the Nasdaq Global Select Market under the ticker symbol PAYP, with an indicative price range of US$17 to US$20 per ADS. The deal comprises nearly 55 million ADSs, including shares sold by PayPay and SoftBank-affiliated SVF II Piranha, plus an over-allotment option and a parallel public offering in Japan, while LY Corporation plans to retain PayPay as a consolidated subsidiary and does not anticipate any material impact on its consolidated financial results.

The offering is being led by a syndicate of major global investment banks, underscoring strong capital markets backing for PayPay’s listing and signaling a significant step in the company’s evolution as a stand-alone fintech platform. For LY Corporation and SoftBank Group, the transaction formalizes partial monetization of PayPay while maintaining strategic control, potentially enhancing visibility and valuation of the payments business without substantially altering LY’s financial position.

The most recent analyst rating on (JP:4689) stock is a Buy with a Yen418.00 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 Japanese technology group with operations spanning digital services and financial technology, including mobile payments through its subsidiary PayPay Corporation. The company focuses on leveraging cashless payment platforms and related services to deepen its presence in consumer and merchant transactions in Japan and abroad.

Average Trading Volume: 20,129,926

Technical Sentiment Signal: Sell

Current Market Cap: Yen2624.8B

For detailed information about 4689 stock, go to TipRanks’ Stock Analysis page.