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International Business Times
International Business Times
Business
Daniel Lee

PayPay Corporation (PAYP) Surges in Nasdaq Debut, Closing Up 16% as SoftBank-Backed Fintech Gains Momentum

PayPay Corporation, the Japanese digital payments giant backed by SoftBank Group, continued its strong post-IPO performance in early trading Monday, March 16, 2026, building on a robust Nasdaq debut last week that saw shares jump significantly above the offering price despite a conservative pricing amid geopolitical headwinds.

Paypay Headquarters in Chiyoda, Tokyo

PayPay's American Depositary Shares (ADSs), trading under the ticker PAYP on the Nasdaq Global Select Market, closed Friday, March 13, at $21.14, up $2.98 or 16.41% from the previous close of $18.16. The stock opened at $21.00, reached an intraday high of $21.98 and dipped to a low of $19.81 before settling higher on volume exceeding 14 million shares. After-hours trading saw a slight dip to around $20.80, down 1.61%.

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