Huo Xing Finance News, according to Bloomberg, OPay Digital Services Ltd., a fintech company backed by SoftBank, plans to raise approximately $500 million through a New York IPO and a private placement. Sources revealed that the financing includes approximately $200 million in a concurrent private placement led by Standard Bank Group. Due to the information not being publicly disclosed, the sources requested anonymity. OPay primarily offers mobile payment and digital financial services; if this U.S. listing plan proceeds, it will become another SoftBank-backed company seeking capital market financing.
OPay Plans to Raise $500M Through NY IPO and Private Placement
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Summary
Digital asset news broke Tuesday as OPay Digital Services Ltd., a SoftBank-backed fintech, plans a $500 million fundraising through a New York IPO and private placement. Bloomberg reports that Standard Bank Group will lead the $200 million private placement. The company focuses on mobile payments and digital financial services. While digital collectibles news remains separate, the listing would mark another SoftBank-backed firm entering public markets.
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