SoftBank-Backed OPay Eyes $4 Billion Valuation in US IPO

SoftBank-Backed OPay Eyes $4 Billion Valuation in US IPO

OPay Digital Services, a payments platform focused on Nigeria, is preparing for an initial public offering (IPO) in the United States.

OPay's Road To USD 4 B US Listing Marks Fintech's Rapid Rise In Nigeria

The journey of OPay from a ride-hailing service to a USD 4 B US IPO prospect tracks the explosive growth of digital payments in Africa’s most populous nation, a rise that has drawn Wall Street’s top banks to Lagos. The SoftBank Group-backed fintech has appointed Citigroup, Deutsche Bank and JPMorgan Chase to lead a US initial public offering seeking a valuation of about USD 4 B, Bloomberg reported on Friday, citing people familiar with the matte…

OPay eyes massive $4B US IPO in bold expansion push

Nigeria-focused payments giant OPay, backed by SoftBank, is planning a US IPO and has enlisted three major Wall Street banks to lead the effort. OPay Digital Services is planning to go public and has hired Citigroup, Deutsche Bank, and JPMorgan Chase to help with the listing, according to Bloomberg. The company hopes to be valued at approximately $4 billion. OPay may offer shares for sale later this year, but the exact timing has not been announ…

Softbank-Backed OPay Prepares for IPO; Hires Citigroup, JPMorgan, and Deutsche Bank

By enlisting Citigroup, JPMorgan, and Deutsche Bank, OPay is signaling to the market that it is ready for the scrutiny of the Sarbanes-Oxley era. The choice of these three specific firms is a calculated 'triangulation' of global finance The post Softbank-Backed OPay Prepares for IPO; Hires Citigroup, JPMorgan, and Deutsche Bank appeared first on Tech Labari.