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OPay withdraws $304M NYSE IPO after undisclosed regulatory inquiry

OPay prices NYSE IPO at $19/ADS, raising $304 million

1 Oct 30 6:13 AM · 14d ago · 1 article · 1 source · development 1 of 6

OPay priced its US IPO at $19 per American Depositary Share, selling 16 million ADSs (each representing 10 ordinary shares) and valuing the Nigeria-focused fintech at about $4 billion. Executives touted 50 million monthly active users across Nigeria, Egypt, Pakistan and Indonesia and a $1 billion revenue run rate.

OPay prices NYSE IPO at $19/ADS, raising $304 million
Premium Times Nigeria

“Today, OPay serves over 50 million monthly active users across Nigeria, Egypt, Pakistan, and Indonesia. Since launching in Nigeria eight years ago, we have pioneered seamless digital payments to become the country's leading digital financial platform.”

Lars Boilesen, OPay co-CEO

Lars Boilesen OPay co-CEOStephen Wen OPay co-CEOJames Perry OPay CFOSoftBank Group Corp. Major OPay investorStandard Bank Investor tied to the IPO

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Peak 3 pieces in 4h at Oct 31, 2 AM; 19 pieces over 15 days (11 articles · 6 posts · 2 comments) Oct 30, 6 AM — 1 piece · 1 article — Newswires 1Oct 30, 10 AM — 1 piece · 1 article — Newswires 1Oct 30, 2 PM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Oct 30, 6 PM — quietOct 30, 10 PM — quietOct 31, 2 AM — 3 pieces · 2 articles · 1 post — Newswires 2, Mastodon 1Oct 31, 6 AM — 1 piece · 1 article — Newswires 1Oct 31, 10 AM — 1 piece · 1 article — Newswires 1Oct 31, 2 PM — quietOct 31, 6 PM — quietOct 31, 10 PM — quietNov 1, 1 AM — quietNov 1, 5 AM — quietNov 1, 9 AM — quietNov 1, 1 PM — quietNov 1, 5 PM — quietNov 1, 9 PM — quietNov 2, 1 AM — 1 piece · 1 post — Reddit 1Nov 2, 5 AM — 2 pieces · 1 article · 1 comment — Reddit 1, Newswires 1Nov 2, 9 AM — 3 pieces · 1 article · 1 post · 1 comment — Mastodon 1, Newswires 1, Reddit 1Nov 2, 1 PM — 1 piece · 1 post — Mastodon 1Nov 2, 5 PM — quietNov 2, 9 PM — quietNov 3, 1 AM — quietNov 3, 5 AM — quietNov 3, 9 AM — quietNov 3, 1 PM — quietNov 3, 5 PM — quietNov 3, 9 PM — quietNov 4, 1 AM — quietNov 4, 5 AM — quietNov 4, 9 AM — 3 pieces · 2 articles · 1 post — Newswires 2, Mastodon 1Nov 4, 1 PM — quietNov 4, 5 PM — quietNov 4, 9 PM — quietNov 5, 1 AM — quietNov 5, 5 AM — quietNov 5, 9 AM — quietNov 5, 1 PM — quietNov 5, 5 PM — quietNov 5, 9 PM — quietNov 6, 1 AM — quietNov 6, 5 AM — quietNov 6, 9 AM — quietNov 6, 1 PM — quietNov 6, 5 PM — quietNov 6, 9 PM — quietNov 7, 1 AM — quietNov 7, 5 AM — quietNov 7, 9 AM — quietNov 7, 1 PM — quietNov 7, 5 PM — quietNov 7, 9 PM — quietNov 8, 1 AM — quietNov 8, 5 AM — quietNov 8, 9 AM — quietNov 8, 1 PM — quietNov 8, 5 PM — quietNov 8, 9 PM — quietNov 9, 1 AM — quietNov 9, 5 AM — quietNov 9, 9 AM — quietNov 9, 1 PM — quietNov 9, 5 PM — quietNov 9, 9 PM — quietNov 10, 1 AM — quietNov 10, 5 AM — quietNov 10, 9 AM — quietNov 10, 1 PM — quietNov 10, 5 PM — quietNov 10, 9 PM — quietNov 11, 1 AM — quietNov 11, 5 AM — quietNov 11, 9 AM — quietNov 11, 1 PM — quietNov 11, 5 PM — quietNov 11, 9 PM — quietYesterday, 1 AM — quietYesterday, 5 AM — quietYesterday, 9 AM — quietYesterday, 1 PM — quietYesterday, 5 PM — quietYesterday, 9 PM — quietToday, 1 AM — quietToday, 5 AM — quietToday, 9 AM — quietToday, 1 PM — quietToday, 5 PM — quietToday, 9 PM — quiet 123–45–6
1OPay prices NYSE IPO at $19/ADS, raising…2OPay shares fail to begin trading on NYSE…3–4OPay formally withdraws the $304m IPO
Oct 31Nov 2Nov 4Nov 6Nov 8Nov 10now · 10:06 PM ET

What was reported 2 claims about this development

  1. 1 outlet OPay lists on NYSE, raises $304m in IPO at $4 billion valuation

    first by Premium Times Nigeria, 14d ago

  2. 1 outlet Softbank-Backed OPay Prices at $4 Billion Value for New York IPO

    first by Bloomberg Tech, 14d ago

All 6 developments of OPay withdraws $304M NYSE IPO after undisclosed regulatory… →

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