OPay Prices U.S. IPO at $19 per ADS, the Low End of Its Range
Photo: TokenPost
OPay set the price of its U.S. IPO at $19 per American depositary share (ADS) Friday, Oct. 30, the bottom of its $19-to-$21 range, with 16 million ADSs planned for sale. The pricing updates OPay’s earlier IPO proposal . At $19 per ADS, the planned base sale implies $304 million in gross proceeds before underwriting discounts and expenses if all 16 million ADSs are sold. The calculation excludes the underwriters’ option to buy additional ADSs. Each ADS represents 10 ordinary shares. OPay expects trading to begin Friday on the New York Stock Exchange under ticker OPAY.
Source: TokenPost
