OPay Delays $4 billion NYSE IPO on Listing Day

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OPay delayed its IPO, originally scheduled to launch on the NYSE, due to an ongoing investigation by regulators; the company said the investigation would not affect its business and services in Nigeria and other markets. OPay had previously priced 16 million American depositary shares at $19 per share, at the lower end of the $19 to $21 target range, while the NYSE said the IPO would correspond to a market capitalization of more than $4 billion.