PolicyThe Next Webabout 2 hours ago
China Halts OPay $304M US IPO
2 min read
A Chinese inquiry halted OPay's $304M US IPO listing hours after pricing. The Nigeria-focused payments company has no operations in China, but its founder, Zhou Yahui, is Chinese. Talks are ongoing regarding the dispute. OPay's prospectus warned investors it was unclear if Beijing's approval was needed for the US listing.
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