PayPay Reportedly Open to Dual Listing in Tokyo Following New York IPO

MT Newswires Live03-13

PayPay (PAYP), a SoftBank-backed company, is open to a dual listing with presence on Tokyo's bourse, its chief executive officer, Ichiro Nakayama, was cited as saying in multiple media reports.

"We are not ruling that option out at all," Nakayama was cited as saying.

The comment follows the digital payments company's $880 million trading debut in New York on Thursday, according to the reports.

American depositary receipts of Japan's dominant payments app rose 14% to close at $18.16 in New York, after the company priced its initial public offering of 55 million ADSs at $16 each.

PayPay did not immediately respond to an out-of-office-hours request for comment from MT Newswires.

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