{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/665dda1b3ce6480013459039/6aea56399cb48f65ea25c73e?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"What Does OPay's Paused IPO Signal for Founders?","description":"<p>Axios reported that OPay, a Nigeria based fintech backed by SoftBank, priced its IPO but did not proceed with a trading debut. OPay raised $400 million in August 2021 in a round led by SoftBank Vision Fund 2 that was widely reported at a $2 billion valuation. Companies can complete bookbuilding and set a price, then postpone listing due to volatility, investor mix, or unresolved regulatory items. SoftBank seeks liquidity across its portfolio following Arm’s 2023 listing, while new issues have delivered mixed performance. Macro and regulatory factors in Nigeria and Egypt affect diligence on revenue quality and cash repatriation. Founders are maintaining dual track strategies and using private market tools like Rule 144A offerings and convertibles to bridge to future listings.</p><p>Learn more on this news by visiting us at: https://greyjournal.net/news/</p>","author_name":"GREY Journal"}