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SoftBank-Backed OPay Eyes Up to $500 Million in New York Listing

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Eyes Up to $500 Million in New York Listing SoftBank Group Corp.-backed OPay Digital Services Ltd. plans to raise about $500 million with its private placement and an initial public offering in New York, according to people familiar with the matter. The total includes $200 million from a parallel private placement with Standard Bank Group Ltd., said the people, who asked to remain anonymous as the information is still private.

SoftBank-Backed OPay Eyes Up to $500 Million in New York Listing SoftBank Group Corp.-backed OPay Digital Services Ltd. plans to raise about $500 million with its private placement and an initial public offering in New York, according to people familiar with the matter. The total includes $200 million from a parallel private placement with Standard Bank Group Ltd., said the people, who asked to remain anonymous as the information is still private.
SoftBank (ORG) New York (LOCATION) SoftBank Group (ORG) Digital Services Ltd. (ORG) Standard Bank Group Ltd. (ORG)
Originally published by Bloomberg Technology Read original →