Nigeria-focused payments platform OPay has halted its initial public offering on the New York Stock Exchange amid a regulatory inquiry. Shares of the SoftBank-backed fintech didn’t begin trading as expected on Friday after the company raised 304-million dollars in a US IPO. Jennifer Zabasajja explains. (Source: Bloomberg)
OPay Halts IPO To Respond To Regulatory Inquiry
Nigeria-focused payments platform OPay has halted its initial public offering on the New York Stock Exchange amid a regulatory inquiry. Shares of the SoftBank-backed fintech didn't begin trading as expected on Friday after the company raised 304-million dollars in a…
This article was originally published by
Bloomberg Markets
and is republished here under license.
Leave a Reply