MushyBank-backed fintech firm OPay has made its debut on the New York Stock Exchange (NYSE), itemizing 16 million American depositary shares (ADSs) at $19 each in an preliminary public providing that values the Nigerian-focused digital monetary companies supplier at roughly $4 billion.
The itemizing commenced on Friday, October 30, following the corporate’s announcement of its IPO pricing.
The improvement follows OPay’s October 9 submitting of a Form F-1 registration assertion with the US Securities and Exchange Commission (SEC), formally setting its plan to listing on the NYSE in movement.
OPay lists at $19 per share, valued at $4 billion
OPay settled on $19 per ADS, the decrease finish of the $19 to $21 value vary it had initially introduced to potential traders. The providing includes 16 million ADSs.
- ” OPay Limited (“OPay” or the “Company”), a digital monetary platform constructed to handle the challenges of rising markets, at present introduced the pricing of its preliminary public providing of 16,000,000 American Depositary Shares (“ADSs”) to be bought by OPay at a public providing value of $19.00 per ADS,” the fintech mentioned in a press release.
The firm’s shares are listed underneath the ticker image OPAY, with Citigroup, Deutsche Bank, Standard Bank and China International Capital Corporation (CICC) serving as joint book-running managers for the providing.
The IPO additionally gives a chance to increase the corporate’s shareholder base past its current traders. MushyBank entities held a 6.6% stake in OPay earlier than the providing, in keeping with its registration submitting.
OPay has additionally made provision for extra shares to be bought if investor demand exceeds the preliminary allocation, with the underwriters permitted to buy as much as 2.4 million further ADSs inside 30 days.
- “In addition, OPay has granted the underwriters a 30-day option to purchase up to an additional 2,400,000 ADSs to cover over-allotments. The offering is expected to close on November 2, 2026, subject to the satisfaction of customary closing conditions,” the assertion added.
OPay’s US IPO plans and proposed Nigerian Exchange itemizing
OPay’s ambition to entry the US capital market turned public in May 2026, when experiences emerged that the fintech was getting ready an IPO focusing on a valuation of roughly $4 billion.
The proposed itemizing subsequently attracted curiosity from different monetary establishments. In August, it was disclosed that South Africa’s Standard Bank Group was exploring an investment in OPay forward of its deliberate US providing.
- Beyond its US itemizing ambitions, OPay has additionally stepped up efforts to safe a presence on Nigeria’s home inventory market, doubtlessly giving native traders a chance to take part in its possession.
- In August, (*16*) solely reported that OPay was considering a listing on the Nigerian Exchange Limited (NGX), in what might turn out to be some of the vital expertise listings within the Nigerian capital market.
- The firm subsequently confirmed the plan in October, disclosing that its board and shareholders had permitted a proposed secondary itemizing on the NGX following the completion of its main itemizing on the NYSE.
The proposed Nigerian itemizing would prolong OPay’s entry to home traders whereas permitting the corporate to take care of its main presence within the US capital market.
OPay’s transaction worth and funding portfolio forward of US IPO
OPay’s push into the general public markets comes amid vital development in its transaction volumes and monetary belongings, reflecting the growth of its funds and broader digital monetary companies enterprise.
- In August, (*16*) reported that the fintech processed $358 billion in gross transaction value (GTV) in 2025, greater than twice the $166.2 billion recorded within the previous yr.
- The figures, contained in paperwork detailing its audited monetary statements, highlighted the rising quantity of funds facilitated by way of its platform as the corporate ready for its proposed US itemizing.
- The development in transaction worth was accompanied by an increasing consumer base, with OPay reporting 39.3 million month-to-month energetic customers in 2025, up from 25.1 million in 2024.
More not too long ago, the fintech disclosed a short-term funding portfolio price $532.94 million as of June 30, 2026, with a considerable portion invested by way of Nigerian asset administration firms.
