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Market Chatter: SoftBank-Backed Opay Taps Citi, Deutsche, JPMorgan for US IPO

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-- Opay Digital Services has hired Citigroup (C), Deutsche Bank (DB), and JPMorgan (JPM) as the Nigerian payments platform prepares for an initial public offering in the US, Bloomberg reported Friday, citing people familiar with the matter.

The SoftBank-backed company is seeking a valuation of $4 billion in its debut and may sell the shares later this year, the people reportedly said.

Citigroup declined to comment to. Deutsche and JPMorgan did not immediately respond, while Opay was unreachable.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $127.59, Change: $-0.39, Percent Change: -0.30%

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