OPay cancels $304 million US IPO after pricing shares

OPay cited a regulatory inquiry in a jurisdiction it called immaterial to its business; trading never began.

2 Sources, ,

SoftBank-backed OPay priced its IPO, but isn't going public

TLDR

OPay priced its American depositary shares at $19 each, the bottom of its target range, valuing the Nigeria-focused payments company at just over $4 billion. OPay and its underwriters then terminated the offering before trading began on October 30. The company did not identify the regulator or the subject of the inquiry, but said it expected the matter to be concluded soon.

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2 Sources, first seen 4h ago