The 2023 Chinese rule that may have stalled OPay’s US listing

OPay's October 9 Initial Public Offering (IPO) prospectus suggested that the company did not expect to require approval from Chinese regulators to list on the New York Stock Exchange. But a last-minute regulatory inquiry from China, shortly before its planned $304 million public offering, has raised questions about whether the fintech company underestimated its exposure to Beijing's securities rul...