PayPay, which holds a 40% stake in Binance Japan, plans to list on Nasdaq and aims to raise up to $1.1 billion.

CoinFeed reported on March 3rd that, according to CoinDesk, PayPay, Japan's largest cashless payment provider backed by SoftBank, is seeking to raise up to $1.1 billion in its Nasdaq IPO, potentially valuing the company at over $10 billion. PayPay plans to issue 55 million American Depositary Shares (ADSs) at $17 to $20 per share, with the ticker symbol "PAYP". The offering was originally scheduled to launch on Monday but was postponed due to global market turmoil triggered by the Middle East conflict over the weekend. PayPay currently boasts over 70 million registered users and dominates the Japanese smartphone payment market.