Nigerian fintech OPay files for New York IPO, Semafor reports

What happened

Pay, a Nigerian payments and lending app, has filed to list on the New York Stock Exchange, Yinka Adegoke reported for Semafor. The company filed on 9 October, bne IntelliNews reported.

Earlier reports put its likely valuation at about $4bn. It will trade under the ticker OPAY, and investors expect it to price in mid-November, Semafor said.

Key facts

• Earlier — reports: put its likely valuation at about $4bn