Exclusive-SoftBank's PayPay delays IPO roadshow launch, sources say, as Iran attack rattles markets [Yahoo! Finance]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
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Source: Yahoo! Finance
By Echo Wang March 2 - SoftBank's PayPay has delayed its highly anticipated IPO roadshow that was scheduled to launch Monday as markets were ?rattled by this weekend's attack on Iran, according to two people ?familiar with the matter. The postponement, which has not been previously reported, comes after the U.S. and Israel ?launched strikes on Iran that killed Iran's Supreme Leader Ayatollah Ali Khamenei and sent shockwaves through global financial markets. The Japanese payments app company was set to file an updated prospectus outlining the price range for its planned Nasdaq listing before markets opened ?on Monday, kicking off ?meetings with large institutional investors, one of the people said. But PayPay executives decided to put the roadshow on hold following ?a call with advisors as they assess the fallout from the conflict, the people said, asking not to be named because the information is private. Fund managers are often ?reluctant to ?commit fresh capital to new stoc
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