OPay Limited Halts NYSE IPO Due to Regulatory Inquiry

OPay Limited announced the halt of its planned initial public offering (IPO) on the New York Stock Exchange (NYSE) due to a regulatory inquiry involving a foreign jurisdiction. In a statement, OPay noted that it expects the inquiry to be resolved satisfactorily soon but decided to postpone the offering after discussions with its underwriters.

As a result, OPay’s American Depositary Shares (ADSs) will not begin trading as scheduled on October 30. The company mutually agreed with the underwriters to terminate the underwriting agreement dated October 29, 2026, following careful consideration of the regulatory development.

OPay clarified that the inquiry is immaterial to its core business operations and emphasized that it does not reflect any concerns regarding its financial position or regulatory compliance. The company is actively engaging stakeholders to resolve the matter and assured that its operations in Nigeria, Indonesia, Egypt, and Pakistan will continue normally.

OPay reaffirmed its long-term commitment to Nigeria and plans to provide further updates as developments occur.