OPay withdraws planned $304m US IPO over foreign regulatory inquiry
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OPay has withdrawn its plans for a US initial public offering. The company intended to raise 304 million dollars through the process. This decision follows a regulatory inquiry from a foreign authority. OPay did not name the specific regulator involved. The company also did not provide details regarding the nature of the inquiry.
OPay withdrew its planned US initial public offering later on Friday, but it did not identify the regulator or the nature of the inquiry. The post OPay withdraws planned $304m US IPO over foreign regulatory inquiry appeared first on Premium Times Nigeria .