PayPay’s Holiday Pause Clouds Nasdaq Listing Plans
PayPay’s U.S. shares stayed flat Monday with Nasdaq closed for Memorial Day, after falling 1.55% to $19.11 on Friday. The stock remains above its $16 IPO price but is well below early post-listing highs. PayPay reported a 27% revenue increase and 201% profit jump for the year ending March 31. Monthly transacting users reached 41 million in the fourth quarter.