OPay prices US IPO at $19 per share, valuing the fintech at about $4 billion

Fintech company OPay has priced its U.S. initial public offering at $19 per share, valuing the company at approximately $4 billion. The offering includes 16 million American depositary shares aiming to raise about $304 million, with trading expected to begin on the New York Stock Exchange under the ticker symbol OPAY. Founded in 2018, the SoftBank-backed company operates primarily in emerging markets such as Nigeria, offering digital financial services to an active user base of 50 million. Open article →