Nigeria-focused fintech OPay raises $304mn in New York IPO at near-$4bn valuation

OPay raises $304m in NYSE debut, targets Nigerian investors

Fintech company OPay has raised $304m in its initial public offering on the New York Stock Exchange and plans a secondary listing in Nigeria. Read More: https://punchng.com/opay-raises-304m-in-nyse-debut-targets-nigerian-investors/

Nigeria-focused fintech OPay raises $304mn in New York IPO at near-$4bn valuation

The listing tests US investor appetite for African fintech, with OPay’s lending-led growth lifting first-half revenue to $467.1mn and net profit to $90.9mn, ahead of a planned secondary listing on the Nigerian Exchange.

OPay Suspends $304 Million IPO After NYSE Debut Draws No Trades

The company cited a regulatory investigation in an unnamed jurisdiction and said its American depositary shares will not list as scheduled.

OPay, underwriters terminate $304M US IPO

OPay Limited has withdrawn its planned New York Stock Exchange listing, citing an inquiry in a foreign jurisdiction it has not named. Reuters reported that the company had priced 16 million shares at $19 each, valuing it at about $4 billion.

OPay shares updates on previously announced New York Stock Exchange listing

OPay suspends its NYSE IPO after a foreign regulatory inquiry, saying services remain unaffected and reaffirming investment in Nigeria’s digital finance sector.

OPay suspends New York Stock Exchange IPO over regulatory review

OPay has announced that it will not commence trading on the New York Stock Exchange as previously scheduled due to a regulatory review in a foreign jurisdiction.