SoftBank-backed fintech company OPay plans to list in the U.S. and raise about $500 million.

PANews October 12 news, according to Bloomberg, SoftBank-backed fintech company OPay Digital Services Ltd. plans to raise about $500 million through a New York IPO and private placement.

Sources said the financing scale includes about $200 million in a concurrent private placement, with Standard Bank Group as the investor. Because the relevant information has not yet been made public, the sources requested anonymity. OPay mainly provides mobile payments, digital finance, and other services. If this U.S. listing plan proceeds, it will make OPay another SoftBank-backed company seeking financing in the public capital markets.