SoftBank-Backed OPay Plans New York Listing to Raise Up to $500 Million

SoftBank-backed fintech OPay Digital Services Ltd. plans to pursue a New York initial public offering and raise as much as $500 million through combined public and private financing.

The planned fundraising includes a $200 million private placement with Standard Bank Group, bringing the potential total to about $500 million. The offering structure would pair the New York listing with the bank-backed placement.

The proposed transaction would combine a New York IPO with a $200 million private placement involving Standard Bank Group.