OPAY TAPS CITI, DEUTSCHE, JPMORGAN FOR US IPO

Opay Digital Services Ltd., backed by SoftBank, is moving forward with its IPO preparations by securing three major investment banks as advisors. The trio will guide the company through the public listing process. Opay operates as a digital payments platform primarily serving Nigeria, one of Africa's largest economies and mobile money markets. The company has positioned itself as a fintech player in the region, offering payment and financial services to consumers and businesses. The engagement of Citi, Deutsche Bank, and JPMorgan signals institutional confidence in Opay's market position and growth potential. These banks typically manage large-scale IPOs and bring significant distribution networks. SoftBank's backing provides substantial financial resources and strategic support. The Japanese conglomerate has invested heavily in fintech and emerging market technologies. No timeline for the IPO has been disclosed. Opay will need to meet SEC requirements and complete regulatory filings before any public offering can proceed.