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Africa-Focused OPay Is Said to Halt US IPO After China Inquiry
Source: Bloomberg
FintechIPOs & SPACsGeopolitics & WarRegulation & Legislation
OPay Ltd. halted its planned $300 million New York IPO hours after pricing it, following eleventh-hour inquiries from China, according to people familiar with the matter. The report indicates a significant setback for the offering but does not specify the inquiries’ subject or any broader market impact.
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