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Economy Politics Country 2026-03-11T13:21:48+00:00

PayPay Moves Forward with IPO Amid Market Turmoil

Japanese PayPay, backed by SoftBank, is pressing on with its planned US IPO despite market turmoil. Major investors, including Abu Dhabi and Qatar, have already reserved a significant portion of the deal.

PayPay Moves Forward with IPO Amid Market Turmoil

The Japanese company PayPay, backed by SoftBank, is betting on its strong position in the non-cash payments market in Japan and the support of major investors to protect its plans for its initial public offering (IPO) in the United States from the current wave of market turmoil. Despite the increasing market volatility following the outbreak of hostilities in the Middle East, PayPay is moving forward with its IPO, which is scheduled to be priced on Wednesday. Around 20% of the deal has been booked through buy orders totaling $220 million from the Abu Dhabi Investment Authority (ADIA), a unit of the Qatar Investment Authority, and Visa. The IPO is planned to...

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