Volatile Markets Delay the Great IPO Rebound Again Surging volatility grounded the IPO party before it took off, as markets grappled with a tech sell-off, more tariff turmoil, private credit woes, and war in the Middle East in the first quarter of 2026. After ...read more
Two IPOs, one direct listing, and three SPACs came to the market this past week, and one major issuer joined the pipeline. PayPay (PAYP) priced its IPO below the range to raise $880 million at a $10.8 billion diluted market cap. Backed by SoftBank, PayPay is ...read more
PayPay, a Japan-based mobile payment app and digital wallet, raised $880 million by offering 55 million shares at $16, below the range of $17 to $20. Cornerstone investors Qatar Holding, Visa, and Abu Dhabi Investment Authority had indicated on...read more
One large IPO and one direct listing are currently scheduled in the week ahead, although some smaller issuers may join the calendar throughout the week. Japanese fintech PayPay (PAYP) plans to raise $1.0 billion at a $12.5 billion market cap. The company...read more
Renaissance Capital's 1Q 2026 US IPO Market Review
Volatile Markets Delay the Great IPO Rebound Again Surging volatility grounded the IPO party before it took off, as markets grappled with a tech sell-off, more tariff turmoil, private credit woes, and war in the Middle East in the first quarter of 2026. After ...read more
US IPO Weekly Recap: PayPay prices US IPO below the range but climbs 32%
Two IPOs, one direct listing, and three SPACs came to the market this past week, and one major issuer joined the pipeline. PayPay (PAYP) priced its IPO below the range to raise $880 million at a $10.8 billion diluted market cap. Backed by SoftBank, PayPay is ...read more
Japanese fintech PayPay prices $880 million IPO at $16, below the range
PayPay, a Japan-based mobile payment app and digital wallet, raised $880 million by offering 55 million shares at $16, below the range of $17 to $20. Cornerstone investors Qatar Holding, Visa, and Abu Dhabi Investment Authority had indicated on...read more
US IPO Week Ahead: Japanese payments app PayPay set to test markets with $1.0 billion IPO
One large IPO and one direct listing are currently scheduled in the week ahead, although some smaller issuers may join the calendar throughout the week. Japanese fintech PayPay (PAYP) plans to raise $1.0 billion at a $12.5 billion market cap. The company...read more