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Middle East wealth funds ADIA, QIA to anchor SoftBank’s PayPay IPO

PayPay Corporation, a subsidiary of SoftBank Group, has lined up Abu Dhabi Investment Authority (ADIA) and the investment arm of the Qatar Investment Authority (QIA) as anchor investors of its $1.1 billion Nasdaq IPO. ADIA, QIA and Visa have collectively committed to take up to $220 million of the offering…

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