Overview
- PayPay delayed the investor roadshow that had been set to start Monday, according to two people familiar with the plan.
- The company held off filing an updated prospectus with a price range and postponed investor meetings, leaving timing dependent on market conditions.
- The decision followed a call with advisers, and both PayPay and SoftBank declined to comment on the process.
- Energy prices rose, major stock indexes fell, and the VIX hit a three-month high after the attacks on Iran.
- Reuters previously reported that QIA, Visa and ADIA were prepared to anchor more than $200 million of the deal, and the listing effort had also been postponed last year during the U.S. government shutdown.