Group 1 - PayPay, Japan's leading mobile payment app, has postponed its U.S. IPO due to market volatility and recent conflicts in the Middle East [1] - The company aimed for a valuation of at least ¥1.5 trillion ($10 billion) and was planning to release its IPO price range on March 2 [1] - PayPay was founded in 2018 as a joint venture between SoftBank and Yahoo Japan, with technical collaboration from India's Paytm [2] Group 2 - The tech IPO market in 2026 began with high expectations, but several companies have delayed or withdrawn their listings due to a sell-off in software stocks [3] - Concerns about AI potentially rendering traditional software obsolete have contributed to market instability [3] - Public investors are still anticipating three potential "mega-IPOs" in 2026: SpaceX, OpenAI, and Anthropic, despite the current standstill in smaller listings [4]
Geopolitical drama reportedly stalls IPO of SoftBank-backed PayPay