OPay Plans U.S. IPO by April 2026 Amid Growth Surge

OPay, headquartered in Nigeria and based in Singapore, is positioning itself for a potential initial public offering (IPO) in the United States by April 2026. The company has demonstrated strong signs of readiness for an IPO, including the recent appointment of a high-profile global management team, featuring Lar Boilesen as co-CEO and James Perry as Chief Financial Officer.

Analysts project a possible IPO window within 9 to 15 months, with a valuation potentially exceeding $5 billion. OPay has recorded significant growth, achieving 20 million daily active users and reaching a monthly transaction volume of $1 billion.

The company reported its first monthly profit in 2024, with a current valuation ranging from $2.7 billion to $3 billion, up from $2 billion when it attained unicorn status in 2021. The anticipated U.S. listing is seen as a major milestone for Africa's tech ecosystem, echoing the impact of Jumia's 2019 debut on the New York Stock Exchange.