US EditionExclusive-SoftBank’s PayPay delays IPO roadshow launch, sources say, as Iran attack rattles markets
- On March 2, 2026, SoftBank-backed PayPay postponed its U.S. IPO roadshow after a call with advisors as markets reacted to a weekend attack on Iran.
- After weekend strikes on Iran, markets shifted as energy prices rose, major equity indexes slid Monday, and the Cboe volatility index hit a three-month high.
- The filing shows PayPay aimed to raise $1.1 billion by offering nearly 55 million ADS priced $17 to $20, with a valuation of more than $10 billion and joint book-runners including Goldman Sachs, J.P. Morgan, Mizuho and Morgan Stanley.
- The delay represents another setback for PayPay after a prior delay last year during the U.S. government shutdown, despite anchor commitments of more than $200 million from Qatar Investment Authority, Visa and Abu Dhabi Investment Authority, with two investors recently affected by Iranian missile strikes.
- Amid a rocky IPO market, several deals have stalled, including Clear Street and Motive Technologies, while a successful PayPay debut would boost SoftBank's digital finance portfolio and leverage its Binance Japan alliance.
15 Articles
15 Articles
Exclusive-SoftBank’s PayPay delays IPO roadshow launch, sources say, as Iran attack rattles markets
March 2 : SoftBank's PayPay has delayed its highly anticipated IPO roadshow that was scheduled to launch Monday as markets were rattled by this weekend's attack on Iran, according to two people familiar with the matter.The postponement, which has not been previously reported, comes after the U.S. and Israel
PayPay Delays Planned US IPO Amid Market Volatility And Middle East Conflict
PayPay has reportedly postponed its planned U.S. initial public offering, citing market volatility and recent conflict in the Middle East, according to Bloomberg. The company had intended to announce its IPO price range on Monday, March 2, and was targeting a valuation of at least ¥1.5 trillion, or about $10 billion. Ownership And Background PayPay was founded in 2018 as a joint venture between SoftBank and Yahoo Japan, with technical collaborat…
PayPay, Japan’s largest cashless payment provider and backed by SoftBank, seeks to debut in Nasdaq to raise up to $1.1 billion, in an operation that could value Binance Japan’s proprietary firm of 40% above $10 billion. *** PayPay plans to offer 55 million U.S. depositor shares at its IPO in Nasdaq. It will offer its shares a range of $17 to $20 to contribute under the PAYP symbol. At the top of the rank, the IPO could value the company by more …
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