Report
OPay prices New York IPO at $19 a share, valuing it at about $4 billion
Bloomberg reports the Africa-focused fintech priced 16 million American depositary shares at the bottom of its $19-to-$21 range.
TLDR
SoftBank-backed OPay priced its New York IPO at $19 a share, valuing the Africa-focused fintech at about $4 billion, Bloomberg reports. According to a company filing cited by Bloomberg, the 16 million American depositary shares were priced at the bottom of the initially guided range. The company said underwriters had a 30-day option to buy up to 2.4 million additional shares to cover over-allotments.
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