Chinese Fintech OPay Eyes US IPO with $4B Valuation
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Chinese fintech OPay eyes US IPO with $4B valuation
OPay, a Chinese fintech company focused on Nigeria, is looking to go public in the US, Bloomberg reported. It has engaged three banks, including JPMorgan, to prepare the process that would value the company at around $4 billion, according to the outlet. OPay’s digital banking app has rivaled services from commercial banks over the past two years, making the firm one of Nigeria’s best-known financial services companies.OPay took off in 2019 with …
OPay Wants a $4 Billion Valuation as African Fintech Faces a New Test
OPay is preparing for a public listing in the United States, with the Nigerian payments company seeking a valuation of about $4 billion as it expands beyond its startup phase into a more mature financial business. The company has appointed Citigroup, Deutsche Bank, and JPMorgan to work on the proposed offering, according to reports from … The post OPay’s US IPO Push Puts Nigeria’s Fintech Boom Back in Focus appeared first on TechTrendsKE.
👨🏿🚀TechCabal Daily – OPay eyes US IPO
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