PayPay's US IPO Priced Below Marketed Range Amid Market Volatility

Japanese digital-wallet provider PayPay is set to price its US initial public offering at $16 per share, according to sources. Bloomberg posted on X, indicating that this pricing is below the initially marketed range. Despite the ongoing market turbulence, PayPay is proceeding with the deal, showcasing its commitment to expanding its presence in the US market. The decision reflects the company's strategic approach to navigating current economic conditions while aiming to attract investors in a challenging environment.