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Pathikrit Bose

Should You Buy PAYP Stock After the PayPay IPO?

PayPay SoftBank IPO

Seldom would anyone argue that now is not the time for a company to go public. Considering what is going on around the world, an IPO should be the last thing on any market participant's radar. Yet, with a backer like SoftBank (SFTBY) in its corner, payments system operator PayPay (PAYP) can breathe a bit easier.

Seeking a valuation of about $13.4 billion, the Tokyo-based company is looking to raise about a billion dollars for its American listing. Founded in 2018 as a joint venture between SoftBank and Yahoo Japan, PayPay has built a registered user base of about 72 million.

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