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OPay halted $300 million U.S. IPO after Chinese regulator inquiries, Techmeme says
Techmeme, citing Bloomberg sources, said Singapore-based, Nigeria-focused payments startup OPay halted a $300 million U.S. IPO hours after pricing it because of inquiries from a Chinese regulator.
Techmeme, summarizing Bloomberg sources, said Singapore-based, Nigeria-focused payments startup OPay halted a $300 million U.S. initial public offering hours after pricing it1.
The aggregator said the halt followed inquiries from a Chinese regulator1. Its blurb added that China made an eleventh-hour move, without naming the agency or quoting company officials on the Techmeme page1.
The Bloomberg article itself was not readable for this filing, so the account rests on Techmeme's summary of that report1. Independent confirmation of the regulator, the IPO terms, and whether shares traded is not in this coverage row1.
What happens next to the offering, any restatement of the halt, and OPay's response were not detailed on the Techmeme item1.
