Sources: Nigerian mobile payments service OPay is preparing for a US IPO at a $4B valuation with Citigroup, Deutsche Bank, and JPMorgan Chase advising (Bloomberg)
Nigerian mobile payments service OPay is preparing for a US initial public offering with a targeted $4 billion valuation, according to sources cited by Bloomberg. Major financial institutions including Citigroup, Deutsche Bank, and JPMorgan Chase are advising on the planned IPO. The move signals OPay's ambition to expand its presence in global financial markets.
- ▪OPay, a Nigerian mobile payments service, is preparing for a US IPO.
- ▪The company is aiming for a $4 billion valuation in its public listing.
- ▪Citigroup, Deutsche Bank, and JPMorgan Chase are advising OPay on the IPO.
- ▪The IPO would mark a significant step in OPay's international expansion efforts.
- ▪Details such as timing and exchange have not yet been finalized.
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