Japan's version of Alipay, Binance Japan shareholder PayPay, officially went public on Nasdaq last night, rising 13.5% during trading, with a market cap reaching $12.1 billion. It’s worth noting that the company was originally reported by the media to go public with a $19.6 billion market cap, but ended up pricing its IPO at a $10.7 billion market cap. Parent company SoftBank remains the major controlling shareholder.