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 Halts NYSE Offering Over Regulatory Inquiry, Says Nigerian Operations Unaffected

OPay Limited has said its operations in Nigeria and other markets are unaffected after it halted its initial public offering (IPO) on the New York Stock Exchange (NYSE) over a regulatory inquiry. OPay, in a statement issued on Saturday, said the inquiry relates to “a jurisdiction that is immaterial to the Company’s core business operations.” […]

Billionaire Yahui Zhou's OPay pulls $304m New York IPO

OPay, the Nigerian payments app founded by Chinese billionaire Yahui Zhou, has called off its $304 million New York listing after an unnamed foreign inquiry.

OPay IPO Delayed Over Foreign Regulatory Inquiry

OPay IPO plans have been put on hold after the fintech company postponed its proposed stock market debut in the United States. The decision follows a regulatory inquiry in a foreign jurisdiction. In a statement released on Saturday, the company explained that the inquiry concerns a country or jurisdiction that has little relevance to its […] The post OPay IPO Delayed Over Foreign Regulatory Inquiry appeared first on InsideBusiness - Business New…