African payments are heading to New York to ring the bell too
SoftBank-backed OPay has gone to New York to file its prospectus, asking for $500 million right off the bat. $200 million of that is being taken up through a private placement by Standard Bank, leaving retail investors lining up just to get a scrap.
The old-school VCs have finally made it to the finish line and can cash out, while giving crypto payment tokens a boost in visibility along the way. Once the hype fades, it’ll be the same crowd left stranded at the top.
If you’re holding payment-themed tokens, share your cost basis—let’s see if there’s still any hope of getting back above water.
SoftBank-backed OPay has gone to New York to file its prospectus, asking for $500 million right off the bat. $200 million of that is being taken up through a private placement by Standard Bank, leaving retail investors lining up just to get a scrap.
The old-school VCs have finally made it to the finish line and can cash out, while giving crypto payment tokens a boost in visibility along the way. Once the hype fades, it’ll be the same crowd left stranded at the top.
If you’re holding payment-themed tokens, share your cost basis—let’s see if there’s still any hope of getting back above water.