Chinese billionaire Yahui Zhou's Nigerian fintech OPay pulls $304 million New York IPO
OPay, the Nigerian payments app founded by Chinese billionaire Yahui Zhou, has called off its $304 million New York listing after an unnamed foreign inquiry.
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OPay, the Nigerian payments app founded by Chinese billionaire Yahui Zhou, has called off its $304 million New York listing after an unnamed foreign inquiry.
OPay, the Nigeria-focused payments company founded by billionaire Yahui Zhou, seeks a $4.42 billion valuation in a New York IPO, with Standard Bank investing.
Chinese billionaire Yahui Zhou’s OPay reported a 136.5% increase in first half revenue to $467.1 million as the fintech prepares for a proposed New York IPO.
OPay is the latest member of Africa’s unicorn club, which includes Flutterwave, Jumia, Interswitch and Fawry.