PayPay Corp. and an arm of SoftBank Group Corp. raised $879.8 million in the digital payments firm’s US IPO, marking the biggest listing for a Japanese company on a US stock exchange in a decade. This substantial capital infusion positions PayPay to expand its US footprint amid fierce competition in the digital payments sector. The deal underscores SoftBank’s continued strategic investment in fintech ventures, leveraging its global network to support PayPay’s growth beyond Japan’s borders. $879.8 million represents a significant milestone for both entities, reflecting investor confidence in PayPay’s model and the broader appeal of Japanese fintech in international markets.