OPay raises $304 million in a US market debut

The offer priced at the bottom of its proposed $19-to-$21 range. Reuters reported that OPay had about 50 million monthly active users at the end of July and provides payments, transfers, savings and lending across emerging markets.

SoftBank entities owned 6.6% before the offering. The shares are due to trade on the New York Stock Exchange under the OPAY symbol, with Citigroup, Deutsche Bank, Standard Bank and CICC among the underwriters.