Mar. 13 at 11:47 AM
$PAYP making a loud entrance to the market. 📈
The SoftBank-backed fintech just debuted on Nasdaq and is already ripping ~25% premarket after a strong first day. Shares opened at
$19 vs the
$16 IPO price, giving the company a ~
$14.7B valuation.
Adding fuel: ARK Invest jumped in on day one, buying about 275K shares (~
$5M) through its fintech ETF.
PayPay already has 72M users and
$100B+ in payment volume, and a recent partnership with
$V could hint at U.S. expansion.
Hot IPO + Cathie Wood buying = traders watching
$PAYP closely. 👀💳