search
OPay
Trends
- 1Nigerian fintech OPay abruptly pulls US IPO amid inquiry▼OPay abruptly pulls US IPO as inquiry derails offering Nigerian fintech OPay rang the opening bell for its IPO on Friday
Nigerian fintech OPay pulled its US initial public offering at the last minute. The company rang the opening bell on Friday but its shares never began trading, and it later announced it would not complete the offering that day. The abrupt withdrawal came as an inquiry derailed the listing, prompting scrutiny of the offering process and the company's regulatory standing.
- 2Fintech Startup OPay Halts IPO Amid Regulatory Inquiry▼Fintech Startup OPay Halts IPO Following Regulatory Inquiry
Fintech startup OPay has halted its planned initial public offering after becoming the subject of a regulatory inquiry. The company, one of the more prominent players in mobile payments and financial services, had been preparing to go public when regulators opened their review. The pause leaves investors and market watchers awaiting further details on the nature of the inquiry and the timeline for any renewed listing plans.
- 3Investors Question Whether OPay's $4 Billion IPO Price Holds Up▼Does OPay (OPAY) Justify Its $4b IPO Price On Book Value?
OPay, the Nigerian fintech backed by China's Opera, is facing scrutiny over the $4 billion valuation attached to its share sale, with analysts asking whether that price is justified by the company's book value. The debate centres on how much of the valuation rests on growth expectations rather than assets on the balance sheet.