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OPay prices New York IPO at $19 a share

OPay Ltd., an Africa-focused fintech backed by Softbank Group Corp., has set the price of its initial public offering in New York at $19 a share. The offering values the company at about $4 billion.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Infrastructure Products
Infrastructure Products

CXMT swings to profit as quarterly revenue rises sevenfold

Chinese memory chipmaker CXMT posted a sevenfold increase in quarterly revenue and swung from a loss to a profit, Bloomberg reported. The company expanded capacity aggressively and increased its role as a global supplier of conventional memory, or DRAM.