OPay’s US$304 Million IPO Faces Setback After Regulatory Inquiry
NEW YORK, Oct 31 – Nigerian fintech company OPay has withdrawn its planned US initial public offering (IPO) following a regulatory inquiry in an unnamed foreign jurisdiction. The development came after the company priced its IPO at US$19 per American Depositary Share (ADS). It had planned to sell 16 million shares, with the offering expected […]