SoftBank’s PayPay Is Said to Delay Start of US IPO Marketing

SoftBank Group Corp.’s digital payments provider PayPay Corp. is delaying the start of formal marketing for its US initial public offering, according to a person familiar with the matter.

The Tokyo based firm, which was expected to file a prospectus outlining the price range for its IPO on Monday, cited market conditions for the delay, the person said, asking not to be identified as the information isn’t public.

Reuters reported on the delay earlier. Representatives for SoftBank and PayPay didn’t immediately respond to requests for comment outside normal business hours in Japan.

Markets were shaken on Monday by the ...