PayPay Lands On Nasdaq — And Cathie Wood Is Already In As Ark Scoops Up $5 Million Worth Of Stock

Benzinga03-13 14:01

Ark Invest, led by Cathie Wood, made a significant investment in PayPay Corp on Thursday. The trade coincided with the company’s debut on the Nasdaq Global Select Market, marking a pivotal moment for Softbank Group Corp.-backed fintech as it launched its initial public offering.

The PayPay Trade

Ark Invest’s ARK Blockchain & Fintech Innovation ETF fund acquired 275,000 shares of PayPay. This purchase was strategically timed with the IPO, which saw the company offering 54.99 million American depositary shares (ADSs) at $16 per share.

The total value of Ark’s investment in PayPay amounted to nearly $5 million, based on the stock’s closing price of $18.16. The stock popped 13.50% for the day. In the after-hours trading, it gained 4.24% and was seen trading at $18.93.

The digital payments platform, which had about 70 million users in 2025, listed on the Nasdaq under the ticker "PAYP."
The IPO also included an option for underwriters to purchase an additional 8.23 million ADSs to cover over-allotments, as detailed in PayPay’s press release.

Other Key Trades:

  • Canton Strategic Holdings Inc. $(CNTN)$ – Ark’s ARKF fund bought 54,736 shares.

  • Ionis Pharmaceuticals Inc. $(IONS)$ – Ark’s ARKG fund sold 43,533 shares.

  • CRISPR Therapeutics AG $(CRSP)$ – Ark’s ARKK and ARKG funds purchased a total of 112,815 shares.

  • GeneDx Holdings Corp $(WGS)$ – Ark’s ARKG and ARKK funds acquired a combined 52,075 shares.

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