PayPay Launches IPO Roadshow For 54.99 Mln ADSs

PayPay Corp., a subsidiary of SoftBank Group Corp. (SFTBF,9984.T), on Monday launched the roadshow for its initial public offering of American depositary shares, with 54,987,214 ADSs proposed to be offered.The price is estimated between $17 and $20 per ADS. The offering comprises 31,054,254 ADSs to be sold by PayPay and 23,932,960 ADSs to be sold by SVF II Piranha LLC, an investment fund ultimately controlled by SoftBank Group.PayPay expects to grant underwriters a 30-day option to purchase up to an additi ...