Free Reads OPay Seeks To Revive Terminated IPO Amid Crunch Talks To Appease China By Staff Reporter  |  November 5, 2026 OPay, the Nigeria-focused fintech backed by SoftBank, pulled its USD 304 M New York listing hours after pricing it last week. The reason was an eleventh-hour inquiry from a Chinese regulator, despite the company having no operations or revenue in mainland China. On the surface, the withdrawal looks like a decisive blow to one of Africa’s most anticipated tech listings. But according to Bloomberg, three people familiar with the matter say the discussions are not over. Talks between OPay and Chinese authorities are ongoing, though it remains unclear whether the regulatory concerns can be resolved. Insiders suggest the IPO is not dead, only halted and contingent on a negotiation that few outside the deal can see. OPay is incorporated in the Cayman Islands and headquartered in Singapore. Nigeria accounted for 88.1% of its revenue in 2025. Its only link to China is founder Zhou Yahui, who also founded…