Standard Bank Group

Stories

OPay files for New York IPO as Standard Bank commits up to $200M

Agreed to invest up to $200 million in OPay through Stanbic; the placement was conditioned on an IPO that OPay withdrew 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

Botswana's decade-long listing drought breaks as Stanbic launches IPO

Money Moves

Parent company; controls 100 percent of Stanbic Bank Botswana before the offer

Stanbic Bank Botswana is selling a 20 percent stake at 4.30 pula a share, the third share offer on the Botswana Stock Exchange in recent weeks after a decade without a new listing. Institutional investors have already promised to buy 2.4 times the 319.4 million shares on offer.

Updated Oct 30