NigeriaOPay raised $304 million in a New York listing.

It is the first major Nigeria-focused fintech listed on a US exchange.

It sold 16 million American Depositary Shares at $19, each representing 10 ordinary shares, for a market value above $4 billion.

The offering closes 2 November, with proceeds earmarked for technology and expansion in Nigeria and other African markets.

How each outlet framed it
Premium Times Nigeria leans favorable
frames OPay's listing as Nigeria's first major fintech on a US exchange, citing 9.9% Africa-Middle East share and 40 million unbanked adults

Sources: Premium Times Nigeria