Lungisa Fuzile

Money Moves

Expected to join OPay's board once the private placement closes; the placement's timing is unclear after OPay withdrew its IPO.

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