PayPay’s Holiday Pause Clouds Nasdaq Listing Plans
PayPay Corp shares stood still Monday, with Nasdaq shut for Memorial Day after its American depositary shares dropped 1.55% to $19.11 at Friday’s close. The exchange had May 25 down as a market holiday. Nasdaq’s normal trading runs 9:30 a.m. to 4 p.m. ET on weekdays. PayPay shares are still looking for direction as the stock remains in its price discovery phase after the IPO. The stock slipped from $19.29 on May 15 to $19.11 on May 22, dropping about 0.9% for the week. Around 780,000 shares traded Friday.