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$304m IPO: OPay and the Question of Accountability

Omolabake Fasogbon On October 31, OPay withdrew its proposed $304 million initial public offering in the United States, barely a day after pricing 16 million American depositary shares at $19

  • OPay withdraws $304m US IPO due to regulatory inquiry
  • Company processes 90.1 billion transactions worth $558bn in 2026
  • OPay's international corporate structure complicates oversight

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