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 collaboration from Paytm.
In late 2024, Paytm sold its remaining stake in PayPay to SoftBank for approximately $279 million.
Broader IPO Market Slowdown
The delay comes as expectations for a strong year of technology IPOs in 2026 have weakened. Several companies have withdrawn or postponed listing plans following a sell-off in software stocks. The decline has been linked in part to concerns that advances in artificial intelligence could reduce demand for traditional software products.
Markets have also been unsettled by U.S. strikes on Iran and related regional instability.
In January, Motive Technologies, backed by Kleiner Perkins and known for developing dashboard cameras for long-haul trucks, postponed its IPO, according to The Information.
Clear Street also withdrew its IPO plans last month.
Mega IPO Expectations Remain
While smaller listings have slowed, investors continue to monitor potential large offerings in 2026, including possible IPOs from SpaceX, OpenAI and Anthropic.
Featured image credits: Wikimedia Commons
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