"PayPay was planning to release its IPO price range on Monday, March 2. PayPay aimed for a valuation of at least ¥1.5 trillion ($10 billion), Bloomberg reported. PayPay was founded in 2018 as a joint venture between SoftBank and Yahoo Japan, with technical collaboration from India's Paytm."
"While 2026 opened with high expectations for tech IPOs, several companies withdrew or delayed their listing plans following a sell-off in software stocks, fueled by fears that AI could eventually render traditional software obsolete. Markets have been further shaken by U.S. strikes on Iran and the related upheaval of other countries in the region."
"In January, Kleiner Perkins-backed Motive Technologies, which develops dashboard cameras for long-haul trucks, postponed its IPO, The Information reported. Additionally, Clear Street, a tech brokerage, withdrew its IPO plans last month."
PayPay, Japan's leading mobile payment app founded in 2018 as a SoftBank and Yahoo Japan joint venture, postponed its US IPO following market instability. The company had planned to announce its IPO price range on March 2 with a valuation target of at least ¥1.5 trillion ($10 billion). Market conditions deteriorated due to software stock sell-offs driven by AI concerns and geopolitical tensions from US strikes on Iran. Other tech companies including Motive Technologies and Clear Street similarly delayed or withdrew their IPO plans. Despite current market challenges for smaller listings, investors anticipate potential mega-IPOs from SpaceX, OpenAI, and Anthropic in 2026.
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