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PAYP PayPay News Story

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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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