Standard Bank Eyes OPay Pre-IPO Stake as Nigeria's Fintech Giant Races Toward $4 Billion US Listing

Africa's largest bank is buying a front-row seat to Nigeria's biggest fintech debut. Standard Bank Group, the South African banking giant with a R534 billion ($33 billion) market cap, is in talks to acquire a pre-IPO stake in OPay Digital Services ahead of the Nigerian payments platform's planned US listing, according to Bloomberg. OPay, backed by SoftBank and Sequoia Capital, has tapped Citigroup, Deutsche Bank, and JPMorgan Chase to manage a share...