SOFTBANK-BACKED fintech company, OPay, has commenced trading on the New York Stock Exchange (NYSE) after pricing its initial public offering at $19 per American depositary share, raising approximately $304m from the sale of 16 million shares.
The listing, which began on Friday under the ticker symbol OPAY, values the Nigerian-focused digital financial services company at approximately $4 billion.
The offer price was at the lower end of the $19 to $21 range initially proposed to investors, reflecting the final pricing of the company’s long-awaited entry into the US capital market.
OPay disclosed the pricing in a statement announcing the completion of the IPO process, adding that the shares were offered directly by the company.
Citigroup, Deutsche Bank, Standard Bank and China International Capital Corporation acted as joint book-running managers for the transaction.
READ ALSO: Standard Bank in talks to acquire OPay stake ahead of US IPO
The offering also includes an option for underwriters to purchase an additional 2.4 million American depositary shares within 30 days to cover possible excess demand. If fully exercised, the additional allocation would raise the total offering to 18.4 million shares.
OPay said the transaction was expected to close on November 2, subject to the fulfilment of customary closing conditions.
The listing expands the company’s shareholder base beyond its existing investors, among whom SoftBank entities held a 6.6 percent stake before the IPO, according to its registration filing.
OPay’s US listing plans became public in May 2026, when reports emerged that the company was targeting a valuation of about $4 billion. Its formal regulatory process advanced on October 9, when it filed a Form F-1 registration statement with the US Securities and Exchange Commission (SEC).
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The company is also pursuing a presence in Nigeria’s domestic capital market through a proposed secondary listing on the Nigerian Exchange Limited (NGX).
READ ALSO: OPay transaction value surges 115% to $358bn as IPO plans advance
In August, reports emerged that OPay was considering a Nigerian listing. The company subsequently disclosed in October that its board and shareholders had approved the proposal, subject to the completion of its primary US listing.
The proposed NGX listing could provide Nigerian investors with an opportunity to acquire shares in the fintech while retaining its primary listing on the NYSE.
OPay’s market debut follows a period of substantial growth in its transaction volumes and customer base.
The company processed $358 billion in gross transaction value in 2025, more than double the $166.2 billion recorded in 2024, according to figures contained in its audited financial statements.
Its monthly active users also increased to 39.3 million in 2025 from 25.1 million a year earlier, reflecting the expansion of its digital payments and financial services business.
READ ALSO: OPay transaction value surges 115% to $358bn as IPO plans advance
The fintech also disclosed a short-term investment portfolio valued at $532.94 million as of June 30, 2026, with a significant portion invested through Nigerian asset management companies.
The NYSE debut marks a major milestone in OPay’s efforts to access international capital markets, while its proposed Nigerian secondary listing could extend the benefits of its public-market status to domestic investors.
