SoftBank-Backed Opay Hires Citi, Deutsche, JPMorgan for US IPO
Pedestrians outside of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergOpay Digital Services Ltd. is working with Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. as the Nigeria-focused payments platform prepares for an initial public offering, according to people with knowledge of the matter.
The SoftBank Group Corp.-backed company is planning to list in the US and is seeking a valuation of about $4 billion, said the people, who asked to not to be identified as the information is still private. The company may sell the shares later this year, they said.