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OPay raises $304 million but suspends or cancels its IPO on the New York Stock Exchange.
8 articles from 23 October to 31 October 2026 · 🇳🇬 Nigeria, 🌍 World
Nigerian fintech OPay cancelled its New York Stock Exchange listing after pricing its shares at $19, in a deal that was expected to raise $304 million. The company cited an unspecified foreign regulatory investigation, according to Reuters, and said its shares would not be traded.
Source: 3News
Nigerian fintech OPay cancelled its New York Stock Exchange listing after pricing its shares at $19, in a deal that was expected to raise $304 million. The company cited an unspecified foreign regulatory investigation, according to Reuters, and said its shares would not be traded.
🇳🇬 Nigeria · 11:34
OPay has suspended its New York Stock Exchange listing after a regulatory inquiry was opened, despite a planned $304 million raise and a valuation of about $4 billion. The company said its operations in Nigeria and its other markets were unaffected, according to a statement quoted by Leadership and Bloomberg.
🇳🇬 Nigeria · 10:03
Nigerian fintech OPay raised $304 million in its US initial public offering, but its shares did not begin trading on the New York Stock Exchange on 30 October. P.M. News reports the listing suspension, while ThisDay says the deal valued OPay at about $4 billion and was postponed because of an overseas regulatory issue.
🇳🇬 Nigeria · 22:41
Javits Frimpong, a 15-year-old Ghanaian, was shot dead near his school in the Bronx, New York, according to Punch, Starr FM and MyJoyOnline. Police are searching for three suspects aged 16 to 18. The Ghanaian government has mobilised its diplomatic mission in New York, requested a thorough investigation and promised legal and consular support for the family, Bénin Web TV reports.
🇺🇸 United States · 08:30
New York State Governor Kathy Hochul signed a law on 28 October 2026 requiring artificial intelligence companion platforms to verify users’ ages and prohibiting certain conduct towards minors. Chatbots will notably be barred from presenting themselves as human or expressing feelings, according to Burkina24, which also reports that the technology sector considers the law too vague.
🇺🇸 United States · 17:44
Jio Platforms, the Indian telecommunications and digital services company, gained 21% in its stock market debut after raising $3.2 billion. The offering, 22.19 times oversubscribed and valuing Jio at about $131.9 billion, was India's largest initial public offering, according to market data cited by TechCrunch.
🇮🇳 India · 05:20
The Archdiocese of New York has agreed to pay more than $800 million to settle claims by about 1,300 victims of sexual abuse by members of the clergy. The agreement is to be signed on 6 November and provides for at least $250,000 for each victim, with amounts potentially increasing according to the severity of the abuse, according to the New York Times.
🇺🇸 United States · 18:42
A tanker carrying Russian diesel is heading to New York, where it is expected to arrive on 7 November, four days after the US midterm elections. The first delivery since the agreement between Donald Trump and Vladimir Putin aims to lower fuel prices before the vote, Le Monde reports.
🇺🇸 United States · 11:52
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