Japan’s leading mobile payment app PayPay Allegedly Postponed its US IPO due to market volatility and recent conflict in the Middle East.
The company was planning to release its IPO price range on Monday, March 2. According to a Bloomberg report, PayPal was aiming for a valuation of at least ¥1.5 trillion ($10 billion).
PayPay was founded in 2018 as a joint venture between SoftBank and Yahoo Japan with technical support from India’s Paytm. In late 2024, Paytm sells its remaining stake to SoftBank for approx $279 million.
While 2026 opened with high expectations for tech IPOs, many companies withdrew or delayed their listing plans following a selloff in software stocks over fears that AI could eventually make traditional software obsolete. The market has been further shaken by the US attack on Iran and related turmoil in other countries in the region.
In January, Kleiner Perkins-backed Motive Technologies, which develops dashboard cameras for long-haul trucks, postponed its IPO. Information Informed. moreover, clear roadThe tech brokerage company withdrew its IPO plans last month.
While the market for small listings is stable for the time being, public investors are still expecting three potential ‘mega-IPOs’ in 2026: spacex, OpenAIAnd anthropic.
