OPay lists on NYSE, offers 16 million shares at $19 each

SoftBank-backed fintech company OPay has made its debut on the New York Stock Exchange (NYSE), listing 16 million American depositary shares (ADSs) at $19 each in an initial public offering that values the Nigerian-focused digital financial services provider at approximately $4 billion.

The listing commenced on Friday, October 30, following the company’s announcement of its IPO pricing.

The development follows OPay’s October 9 filing of a Form F-1 registration statement with the US Securities and Exchange Commission (SEC), formally setting its plan to list on the NYSE in motion.

OPay settled on $19 per ADS, the lower end of the $19 to $21 price range it had initially presented to prospective investors. The offering comprises 16 million ADSs.

The company’s shares are listed under the ticker symbol OPAY, with Citigroup, Deutsche Bank, Standard Bank and China International Capital Corporation (CICC) serving as joint book-running managers for the offering.

The IPO also provides an opportunity to expand the company’s shareholder base beyond its existing investors. SoftBank entities held a 6.6% stake in OPay before the offering, according to its registration filing.

OPay has also made provision for additional shares to be sold if investor demand exceeds the initial allocation, with the underwriters permitted to purchase up to 2.4 million extra ADSs within 30 days.

OPay’s ambition to access the US capital market became public in May 2026, when reports emerged that the fintech was preparing an IPO targeting a valuation of approximately $4 billion.

The proposed listing subsequently attracted interest from other financial institutions. In August, it was disclosed that South Africa’s Standard Bank Group was exploring an investment in OPay ahead of its planned US offering.

The proposed Nigerian listing would extend OPay’s access to domestic investors while allowing the company to maintain its primary presence in the US capital market.

OPay’s push into the public markets comes amid significant growth in its transaction volumes and financial assets, reflecting the expansion of its payments and broader digital financial services business.

More recently, the fintech disclosed a short-term investment portfolio worth $532.94 million as of June 30, 2026, with a substantial portion invested through Nigerian asset management companies.

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