OPay Launches NYSE Trading After $304 Million IPO
OPay has commenced trading on the New York Stock Exchange following a successful initial public offering that raised $304 million. The company, which is a Nigeria-founded fintech, began trading its American depositary shares under the ticker symbol OPAY.
OPay sold 16 million shares at $19 each, valuing the company at approximately $4 billion. This offer price was at the lower end of its targeted range of $19 to $21.
The listing marks a significant achievement for a Nigerian-founded fintech, occurring eight years after OPay began operations in Nigeria. James Perry, OPay’s Chief Financial Officer, stated that the company achieved a revenue run rate of $1 billion in the second quarter of 2026, with a year-on-year revenue growth of 137 percent in the first half of 2026 and a net margin of 19 percent.
Perry indicated that the proceeds from the IPO would be used judiciously, focusing on technology investments to foster growth in Nigeria and other African markets.
Plus234Feed summary based on reporting from The Will. Read the original report below.
Read full article
Continue on The Will
Get the week in one email
Top stories, NPFL results, the naira, every Friday morning. Free, one email a week.
Related Stories
OPay Secures $304M in US IPO, Valued at $4 Billion
OPay Announces Secondary Listing Plans on NGX
OPay Limited reveals $532.9 million investment portfolio
Standard Bank Group Targets 4.99% Stake in OPay
Standard Bank to Invest $185 Million in OPay's IPO
OPay Limited's Revenue Hits $467M in H1 2026
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
