SoftBank-backed African fintech giant OPay plans to launch an IPO in the US, aiming to raise about $500 million and is expected to be listed on the New York Stock Exchange within the year.

JitTong Finance APP has learned from informed sources that OPay Digital Services, an African fintech company backed by SoftBank Group, is planning to raise approximately $500 million through an initial public offering (IPO) in New York and a concurrent private placement. The transaction is expected to be completed by the end of this year and may become one of the most high-profile public listings in the African fintech industry.