Stanbic Africa Holdings

Money Moves

Agreed purchaser in OPay's private placement; the IPO condition was thrown into doubt when OPay withdrew the offering on Oct. 31.

OPay withdrew its $304 million New York initial public offering on Oct. 31, a day after pricing 16 million American depositary shares at $19 each. The company said it acted after a regulatory inquiry in an unidentified foreign jurisdiction and that it agreed with underwriters to terminate the underwriting agreement dated Oct. 29.

Updated Nov 2