OPay Files for US IPO
OPay seeks $4 billion valuation in US IPO with 50 million active users.
In brief
OPay seeks $4 billion valuation in US IPO with 50 million active users. OPay filed for US IPO with 50.1 million monthly active users and aims for $4 billion valuation. Originally reported by Pymnts.
OPay Files for US IPO
OPay has 50.1 million monthly active users and filed for a proposed initial public offering with the securities and exchange commission.
Revenue Growth
OPay reported $806 million revenue for the 12 months ended june 30 with 137% year-over-year growth in the first half.
Expansion Plan
OPay aims to grow by expanding products, investing in infrastructure, and entering new markets with unmet needs.
Valuation Target
OPay seeks a $4 billion valuation in its IPO, doubling the $2 billion valuation from a 2021 funding round.
The main idea
OPay filed for US IPO with 50.1 million monthly active users and aims for $4 billion valuation.
