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PayPay opens at $19, IPO priced at $16 per share
SoftBank Group’s (SFTBY) payments app operator, PayPay (PAYP), priced its initial public offering of 55M American depositary shares at $16.00, below the $17.00-$20.00 target range. Goldman Sachs, JPMorgan, Mizuho and Morgan Stanley acted as joint book running managers for the offering.
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