Zhitong Finance App learned that Opay, a digital banking and fintech platform in Nigeria and other emerging markets, suddenly announced the suspension of its US initial public offering (IPO). According to a 6-K filing submitted by the company on Monday, OPay decided not to complete the IPO due to a regulatory inquiry in a jurisdiction unrelated to the company's business operations. OPay said it is expected that the inquiry will be successfully resolved in the near future, at which time the release may be restarted within the next few months.

Zhitong Finance App learned that Opay, a digital banking and fintech platform in Nigeria and other emerging markets, suddenly announced the suspension of its US initial public offering (IPO). According to a 6-K filing submitted by the company on Monday, OPay decided not to complete the IPO due to a regulatory inquiry in a jurisdiction unrelated to the company's business operations. OPay said it is expected that the inquiry will be successfully resolved in the near future, at which time the release may be restarted within the next few months.