Cathie Wood Is Buying PAYP Stock After the PayPay IPO. Should You?

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Backed by SoftBank Group (SFTBY), the digital payments giant went public on March 12 and surged after pricing its Nasdaq listing at $16 and opening around $19, signaling robust investor appetite despite a volatile macro backdrop.Now, the narrative has taken another bullish turn as star investor Cathie Wood has stepped in. Through ARK’s fintech-focused ETF, ARK Blockchain & Fintech Innovation ETF (ARKF), Wood snapped up 275,000 shares, worth roughly $5 million on day one, reflecting an early vote of confidence in PayPay’s long-term disruption potential in global digital payments.What Options Traders Expect from Micron Stock After Earnings on March 18This Dividend King With a 54-Year Dividend Streak Is Down 13% YTD. Time to Buy the Dip?As Oracle Reveals Higher Restructuring Costs, Should You Still Buy ORCL Stock or Stay Far Away?Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.With PayPay boasting over 70 million users and $100 billion in gross merchandise volume and positioning itself as a “super app” spanning payments, banking, and lending, its public debut arrives at a time when investors are once again hunting for the next big fintech winner.So, if Cathie Wood is buying into this newly public fintech, should you follow suit?PayPay Corporation is a Japan-based digital payments and fintech company headquartered in Chiyoda, Tokyo, and is majority-owned by SoftBank Group. Founded in 2018, the company operates one of Japan’s largest mobile payment platforms, offering QR code–based payments alongside expanding financial services such as lending and banking. Following its U.S. listing, PayPay commands a market cap of roughly $12.9 billion.PayPay Corporation’s stock price performance since its Nasdaq debut has reflected a strong initial reception. The company priced its IPO at $16 per share on March 12, a level set below its marketed range due to broader market volatility and geopolitical uncertainty. Despite the conservative pricing, investor demand proved robust, with the stock opening around $19, representing a nearly 19% immediate gain and signaling solid institutional appetite for the offering.In the days following its debut, PayPay shares are largely held above the IPO price. The last closing was at $19.77, after a 8.5% intraday slump, while overall gains since the debut stand at 6.6%.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 70,641.40 -3,552.92 (-4.79%)CVNA Carvana Co. 291.17 -23.57 (-7.49%)LNG Cheniere Energy, Inc. 266.22 +14.72 (+5.85%)FIG Figma, Inc. 25.26 -2.19 (-7.98%)ETH-USD Ethereum USD 2,185.87 -144.17 (-6.19%)PortfolioSign in to access your portfolioSign inTop gainersRGC Regencell Bioscience Holdings Limited 26.38 +3.41 (+14.85%)VG Venture Global, Inc. 14.85 +1.88 (+14.50%)ANDG Andersen Group Inc. 28.27 +3.38 (+13.58%)HTFL Heartflow, Inc. 25.47 +2.95 (+13.10%)KC Kingsoft Cloud Holdings Limited 14.78 +1.66 (+12.65%)Top losersSAIL SailPoint, Inc. 12.47 -2.24 (-15.23%)BGSI Boyd Group Services Inc. 140.27 -21.35 (-13.21%)SA Seabridge Gold Inc. 27.01 -3.84 (-12.45%)NG NovaGold Resources Inc. 8.55 -1.19 (-12.22%)RKLB Rocket Lab Corporation 69.48 -9.11 (-11.59%)Most activeNVDA NVIDIA Corporation 180.40 -1.53 (-0.84%)PLUG Plug Power Inc. 2.3200 -0.0100 (-0.43%)ONDS Ondas Inc. 10.83 -0.45 (-3.99%)SOFI SoFi Technologies, Inc. 17.18 -0.19 (-1.09%)AAL American Airlines Group Inc. 10.80 -0.06 (-0.55%)Top economic eventsEarnings eventsMy earnings eventsEarnings events