U.S. IPO Weekly Recap: PayPay Posts 32% Gain After Priced Below Range, Major Issuer Joins Pipeline

PayPay, a Japanese fintech company, raised $880 million in its US IPO, pricing below the range. The stock surged 32% in its debut. Two other IPOs, a direct listing, and three SPACs also debuted this week. One major issuer, Stripe, joined the pipeline.