OPay Eyes $4B US IPO With Wall Street Heavyweights on Board
Nigerian mobile payments service OPay is prepping a US IPO at a $4B valuation backed by three major banks.
OPay Digital Services is gearing up for a US initial public offering that would value the Nigeria-focused payments platform at $4 billion. That's a significant move for the mobile payments service as it looks to tap American public markets.
The company has assembled a heavyweight advisory team. Citigroup, Deutsche Bank, and JPMorgan Chase are all working with OPay as it prepares for the listing.
OPay built its business around mobile payments in Nigeria, one of Africa's largest economies. A successful IPO would mark a notable milestone for African fintech companies accessing US capital markets.
Details on timing and share pricing remain undisclosed. But with three major global banks advising the deal, OPay is clearly serious about making this happen.