Overview of Major Overnight Developments on May 17
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Dental caries treatment provider vVardis (VVVV.US) submits US IPO application, expected to raise 200 million USD
vVardis Holding filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) last Friday. The company focuses on self-developed non-invasive restorative therapies for the early treatment of dental caries. The IPO is expected to raise 200 millions USD.
Nigeria digital bank OPay (OPAY.US) submits IPO application to U.S. stock market: Business covers Egypt, Indonesia, and Pakistan, plans to raise up to 500 millions USD.
OPay has applied for listing on the New York Stock Exchange, aiming to raise up to $500 million. Over the past year, its revenue reached $806 million. OPay holds the top market share among financial apps in Africa and the Middle East, with a market share of 9.9%.
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