OPay Limited reveals $532.9 million investment portfolio

OPay Limited disclosed a short-term investment portfolio valued at $532.94 million as of June 30, 2026, in its Form F-1 registration statement filed with the US Securities and Exchange Commission on October 9, 2026. This portfolio constitutes approximately 27.9% of OPay's total assets of $1.91 billion, having increased from $410.45 million at the end of 2025 and $131.35 million at the end of 2024.

OPay collaborates with several domestically licensed Nigerian asset managers, investing in treasury bills, money market funds, and other liquid instruments, with maturities generally within one year. The filing indicated that credit-loss allowances were immaterial but did not disclose specific asset managers or individual investment amounts.

OPay's registration statement proposes listing American depositary shares on the New York Stock Exchange under the ticker OPAY, although the offer size and pricing fields were left blank. Stanbic Africa Holdings has agreed to invest up to $200 million through a concurrent private placement, with plans for a Nigerian secondary listing after the NYSE debut.