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SoftBank's PayPay Delays US IPO Marketing Amid Escalating Geopolitical Risks
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PayPay, SoftBank's electronic payment platform, has delayed the formal launch of its IPO marketing in the US, according to foreign media reports. Sources familiar with the matter disclosed that PayPay was originally scheduled to submit its prospectus and reveal the IPO price range on Monday, but decided to postpone due to market volatility. This information has not yet been made public. The market slid into turmoil on Monday following the airstrikes by the US and Israel on Iran over the weekend. Iran subsequently retaliated against the UAE, Qatar, and other regional countries. The escalating geopolitical risks dampened the sentiment for new listings. AASTOCKS Financial News |
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