US Stock Market | SoftBank's PayPay prices IPO below range at $16 a share

PayPay, a Japanese digital wallet provider, has priced its U.S. initial public offering at $16 per share. This figure is below its initial target range. The offering raised approximately $880 million. The market sentiment was impacted by geopolitical events. This listing marks a significant debut for a SoftBank majority investment in the U.S. market.