Last mentioned: 2d ago
Trading Debut
PayPay shares begin trading on the US exchange, rising 19% after raising $879.8 million.
Market Entry
PayPay decides to brave market turbulence, moving forward with the listing process.
$40B Loan Talks
Reports emerge that SoftBank is seeking a $40 billion loan to significantly increase its stake in OpenAI.
IPO Marketing Delayed
SoftBank-backed PayPay initially delays the start of its US IPO marketing amid market uncertainty.
GPT-5.4 Development
OpenAI begins massive compute scale-up for its latest model iteration.
OpenAI $6.6B Round
OpenAI raises $6.6 billion at a $157 billion valuation; SoftBank invests $500 million.
PayPay Corp. successfully raised $879.8 million in its US market debut, with shares climbing 19% on the first day of trading. The listing represents the largest US IPO for a Japanese company in ten years, providing a significant liquidity event for majority owner SoftBank Group.
SoftBank Group is reportedly in discussions to secure up to $40 billion in loans to finance a major stake in OpenAI. This move marks a dramatic escalation in Masayoshi Son’s artificial intelligence strategy, positioning the Japanese conglomerate as a primary financier of the generative AI leader.