Visa Stake Cut 44.1% by Accuvest, Invests $220M in PayPay IPO
Accuvest cut its Visa stake by 44.1% to 7,085 shares after selling 5,582, leaving Visa as 1.5% of its portfolio. A Visa subsidiary is a cornerstone investor in PayPay’s planned $1.1 billion U.S. IPO valuing the digital wallet at up to $13.4 billion with a $220 million commitment.
1. Accuvest Reduces Visa Stake Significantly
Accuvest Global Advisors trimmed its Visa holdings by 44.1%, selling 5,582 shares and retaining 7,085 shares in the latest quarter. This position represents approximately 1.5% of Accuvest’s overall portfolio, marking a substantial reduction in exposure to the payment giant.
2. Visa Subsidiary Commits $220M to PayPay IPO
A Visa subsidiary agreed to invest up to $220 million as a cornerstone backer of PayPay’s U.S. IPO, which aims to raise $1.1 billion by offering 55 million American depositary shares at $17–$20 each. The proposed deal values the SoftBank-backed digital wallet at as much as $13.4 billion and positions Visa within a major cashless payments expansion in Japan.