OPay Launches $4 Billion IPO on NYSE with 16 Million Shares

OPay, a SoftBank-backed fintech company, has officially listed on the New York Stock Exchange (NYSE) on October 30, offering 16 million American depositary shares (ADSs) at $19 each. This initial public offering (IPO) values the company at around $4 billion.

The pricing of $19 per ADS is at the lower end of the previously indicated range of $19 to $21. The shares are listed under the ticker symbol OPAY, with Citigroup, Deutsche Bank, Standard Bank, and China International Capital Corporation acting as joint book-running managers for the offering.

OPay had filed a Form F-1 registration statement with the US Securities and Exchange Commission on October 9, initiating its IPO process. Prior to the offering, SoftBank entities held a 6.6% stake in OPay.

The IPO allows for additional shares to be sold if demand exceeds the initial allocation, with underwriters allowed to purchase up to 2.4 million extra ADSs within 30 days. OPay's ambition to enter the US capital market was first reported in May 2026, and the company has seen significant growth in transaction volumes and financial assets.