SoftBank-backed PayPay valued at $12.7 billion in Nasdaq debut
March 12 (Reuters) - Shares of PayPay PAYP.O opened 18.8% above their offer price in their Nasdaq debut on Thursday, giving the Japanese payments app a valuation of $12.7 billion. (Reporting by Arasu Kannagi Basil and Utkarsh Shetti in Bengaluru; Editing by Arun Koyyur) ((ArasuKannagi.Basil@thomsonreuters.com;))
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