OPay’s withdrawn US IPO

Update 1 of 1LatestNov 8, 1:51 AM UTCDay 4

OPay’s $304 million IPO leaves a regulatory question unanswered

A regulatory inquiry stopped the Nigeria-focused fintech’s New York debut after pricing. The risk was disclosed, but the authority’s demands—and a route back to market—remain unclear.

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Earliest sourceIpoHubOct 20, 9:06 PM UTC

What we knew first

• $304 millionPlanned gross public offering value
• $19Offering price per depositary share
• 90%Revenue from Nigeria, as reported by Semafor