OPay, a digital payments company launched in Nigeria in 2018, began trading on the New York Stock Exchange on 30 October after selling 16 million American depositary shares at $19 each. The offering raised about $304 million and valued the company at about $4 billion, at the bottom of its target range of $19 to $21. OPay says it serves more than 50 million users in Nigeria, Egypt, Pakistan and Indonesia, and its gross transaction value more than doubled to $358 billion in 2025. The listing gives early backers of African fintech an exit through a public market and sets a listed benchmark for valuing rivals. OPay also has approval for a secondary listing on the Nigerian Exchange.
Sources
- Nairametrics: https://nairametrics.com/2026/10/30/opay-lists-on-nyse-offers-16-million-shares-at-19-each/
- Investing.com: https://www.investing.com/news/company-news/opay-prices-ipo-at-19-per-ads-raising-304-million-93CH-4986494
- The Will: https://thewillnews.com/opay-begins-nyse-trading-after-raising-304m-in-us-ipo/