OPay Targets $4.4 Billion US IPO Valuation
Digital payments firm OPay is targeting a valuation of up to $4.42 billion in its upcoming US initial public offering. The Nigeria-focused company plans to raise up to $366 million by offering American Depositary Shares to expand its markets and technology.
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OPay is targeting a valuation of up to $4.42 billion in a United States IPO, seeking to raise up to $366 million. The digital payments firm is offering 16 million American Depositary Shares priced between $19 and $21 apiece. The listing comes as broader equity markets grapple with stubborn inflation pressures and technology sector volatility.
