Core Viewpoint - PayPay Corporation is set to launch its initial public offering (IPO) with approximately 54.99 million American depositary shares priced at $16 each, indicating a significant move towards public trading [1]. Group 1: IPO Details - The IPO will consist of 31.05 million ADSs issued directly by PayPay and 23.93 million ADSs sold by SVF II Piranha (DE) LLC, an investment fund controlled by SoftBank Group Corp [1]. - The ADSs are expected to start trading on the Nasdaq Global Select Market on March 12, 2026, under the ticker symbol "PAYP" [2]. - The IPO is anticipated to close on March 13, 2026, pending customary closing conditions [3]. Group 2: Underwriting and Over-allotment - Goldman Sachs & Co. LLC, J.P. Morgan, Mizuho Securities USA LLC, and Morgan Stanley & Co. LLC are serving as joint book-running managers for the IPO [3]. - PayPay has provided underwriters with an option to purchase up to an additional 8.25 million ADSs to cover any over-allotments within 30 days following the final prospectus [2].