PayPay jumps 14% in Nasdaq debut, Japan’s largest US IPO

PayPay Corporation surged roughly 14% in its Nasdaq debut after raising $879.8 million in the largest US listing by a Japanese firm in a decade. Backed by SoftBank Group, the IPO attracted strong retail interest, with Cathie Wood purchasing shares via the ARK Fintech Innovation ETF, highlighting confidence in the fintech company’s growth.