PayPay (PAYP) Ends 13.5% Higher on IPO

Group 1 - PayPay Corp. ended its first trading day as a publicly listed company with a stock price increase of 13.5%, opening at $19 and reaching a high of $19.29, compared to its IPO price of $16 [1][2] - The company successfully raised $880 million from its IPO by selling over 54.98 million American depositary shares, with more than 31 million shares offered by PayPay and 23.9 million shares sold by existing shareholder SVF II Piranha (DE) LLC [2] - PayPay Corp. is recognized as one of the leading financial technology companies in Japan, having registered 72 million users since its launch in 2018 by SoftBank and Yahoo Japan [3]