Business
PayPay Targets $1.1 Billion U.S. IPO Amid Market Volatility
PayPay aims to raise $1.1 billion through a U.S. IPO on Nasdaq, moving ahead despite market volatility and geopolitical concerns
SoftBank-backed digital payments firm PayPay is seeking to raise up to $1.1 billion through an initial public offering (IPO) in the United States, pressing ahead with listing plans despite renewed market turbulence.
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The Tokyo-based company, alongside a selling shareholder, plans to offer nearly 55 million American depositary shares at a price range of $17 to $20 each.
At the top end, the offering would be valued at roughly $1.1 billion.
PayPay’s IPO roadshow, initially expected to begin before markets opened on Monday, was postponed following investor concerns after a weekend attack on Iran.
The delay highlights the fragile state of equity markets, where geopolitical tensions compound existing volatility.
The U.S. IPO market has had a rocky start to the year, with several companies shelving or delaying listing plans amid sharp market swings.
Analysts suggest that a successful debut from PayPay could boost investor confidence and revive IPO activity.
Investor anxiety was reflected in the Cboe Volatility Index, which spiked to a three-month high earlier Monday.
The offering is being led by major Wall Street banks, including Goldman Sachs, J.P. Morgan, Mizuho, and Morgan Stanley, acting as joint book-running managers.
Also read: Bitcoin Slides to 15-Month Low Amid Market Pullback
PayPay intends to list its shares on the Nasdaq under the ticker symbol “PAYP.”
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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