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OPay files for New York IPO as Standard Bank commits up to $200M

Agreed to invest up to $200 million in OPay via subsidiary Stanbic Africa Holdings

OPay, a Nigeria-focused fintech with 50.1 million monthly active users, filed to list American depositary shares on the New York Stock Exchange under the ticker OPAY. Standard Bank Group, Africa's largest bank by assets, signed on to invest up to $200 million in a private placement alongside the offering.

Updated 1 hour ago