PayPay plans to raise $1.1 billion in its Nasdaq IPO.

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According to Foresight News , CoinDesk reports that SoftBank's digital payment provider PayPay plans to raise $1.1 billion in its Nasdaq IPO, potentially valuing the company at over $10 billion. It plans to issue 55 million depositary shares at a proposed price of $17 to $20 per share, with the ticker symbol PAYP.

According to a previous report by Foresight News , Binance Japan tweeted that it had signed a capital and business alliance agreement with PayPay. Under the agreement, PayPay will acquire a 40% stake in Binance Japan. The two companies will collaborate to develop innovative services and advance technological cooperation connecting cashless payments and digital assets.

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