SoftBank-backed OPay targets $4.4b valuation in US IPO

OPay, a fintech platform founded in 2018 and backed by SoftBank, is targeting a $4.4 billion valuation in a US IPO. The company operates in Nigeria, Egypt, Indonesia, and Pakistan.

• OPay is aiming for a $4.4 billion valuation in its US listing
• The company was founded in 2018 with SoftBank backing
• OPay operates in Egypt, Indonesia, and Pakistan in addition to Nigeria