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

SoftBank-Backed OPay Halts IPO to Respond to Regulatory Inquiry

OPay Ltd., a Nigeria-focused payments platform, halted an initial public offering on the New York Stock Exchange that was supposed to start trading on Friday, citing a regulatory inquiry.

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OPay Limited has withdrawn its planned New York Stock Exchange listing, citing an inquiry in a foreign jurisdiction it has not named.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.