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Softbank-Backed OPay Prices at $4 Billion Value for New York IPO

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EXCLUSIVE Softbank-Backed OPay Prices at $4 Billion Value for New York IPO Softbank Group Corp.-backed OPay Ltd. priced its initial public offering in New York at $19 a share, valuing the Africa-focused fintech at about $4 billion. The placement by the payments company, which had offered 16 million American depositary shares, is at the bottom of the $19 to $21 range, according to a company filing. The firm’s shares will start trading on the New York Stock Exchange on Friday and the pricing...

EXCLUSIVE Softbank-Backed OPay Prices at $4 Billion Value for New York IPO Softbank Group Corp.-backed OPay Ltd. priced its initial public offering in New York at $19 a share, valuing the Africa-focused fintech at about $4 billion. The placement by the payments company, which had offered 16 million American depositary shares, is at the bottom of the $19 to $21 range, according to a company filing. The firm’s shares will start trading on the New York Stock Exchange on Friday and the pricing makes OPay one of the largest fintechs to emerge from the continent.
Softbank (ORG) New York (LOCATION) New York IPO Softbank Group (ORG) OPay Ltd. (ORG) Africa (LOCATION) American (ORG) the New York Stock Exchange (ORG)
Originally published by Bloomberg Technology Read original →