The OPay IPO was priced on Thursday, October 29, 2026, at the lower end of its proposed $19 to $21 range, according to US IPO specialist IPOScoop.
The SoftBank-backed fintech offered 16 million American Depositary Shares (ADS), with each representing 10 ordinary shares. Trading is expected to begin on Friday, October 30, under the ticker symbol OPAY, although the market debut had not been independently confirmed at publication.
The development marks a major milestone for Nigeria’s fintech industry as one of its most prominent digital payment companies moves into the US public market.
OPay IPO Comes as Revenue and Profits Surge
The listing follows a period of significant growth for OPay, which has expanded from digital payments into lending and other financial services.
According to its October 23 filing with the US Securities and Exchange Commission (SEC), OPay generated $467.1 million in revenue during the first six months of 2026, compared with $197.5 million during the same period in 2025.
Net income also increased from $21.7 million to $90.9 million over the same period.
The company reported 50.1 million monthly active users as of July 31, 2026, with its platform processing transactions worth $558 billion in the 12 months ending June 30.
The OPay IPO was managed by Citigroup, Deutsche Bank Securities, Standard Bank and CICC.
Its $19 offering price represents the lower end of the proposed range, suggesting a more conservative market valuation than the company could have achieved at the upper end.
OPay Eyes Nigerian Stock Exchange Listing
Beyond its Wall Street debut, OPay is also preparing for a possible secondary listing on the Nigerian Exchange Limited (NGX).
The company disclosed in its SEC filing that it had obtained board and shareholder approval to pursue a Nigerian listing after completing its primary NYSE offering.
Such a move could allow Nigerian investors to gain direct exposure to a fintech company whose growth has been driven largely by the country’s expanding digital payments market.
However, the proposed NGX listing has not been completed, and OPay warned that Nigerian-listed shares might not be interchangeable with its US-listed depositary shares.
Separately, Stanbic Africa Holdings, part of Standard Bank Group, has agreed to make a potential investment of up to $200 million through a private placement alongside the IPO, subject to applicable conditions. This investment is separate from the reported $304 million public offering.
What OPay’s $304 Million IPO Means for African Fintech
OPay’s public-market entry could become an important benchmark for African fintech valuations, particularly as investors increasingly assess startups based on revenue growth, profitability and the sustainability of their business models.
The fintech, valued at $2 billion during its 2021 fundraising round, has now reached an estimated $4 billion valuation at its IPO price.
The listing also comes as OPay continues expanding its financial services ecosystem. As Techsoma recently reported, the company has introduced recurring payments for international merchants through a partnership with EBANX.
For Nigeria’s technology ecosystem, the bigger significance lies in whether OPay’s public-market performance can create a credible path for other African fintech companies considering international listings.
Although its IPO has reportedly been priced, its first trading session will provide the next indication of public investor demand.
