GentleBank-backed fintech firm OPay has made its debut on the New York Stock Exchange (NYSE), itemizing 16 million American depositary shares (ADSs) at $19 each in an preliminary public providing that values the Nigerian-focused digital monetary providers supplier at roughly $4 billion.
The itemizing commenced on Friday, October 30, following the corporate’s announcement of its IPO pricing.
The improvement follows OPay’s October 9 submitting of a Form F-1 registration assertion with the US Securities and Exchange Commission (SEC), formally setting its plan to record on the NYSE in movement.
OPay lists at $19 per share, valued at $4 billion
OPay settled on $19 per ADS, the decrease finish of the $19 to $21 value vary it had initially introduced to potential traders. The providing contains 16 million ADSs.
- ” OPay Limited (“OPay” or the “Company”), a digital monetary platform constructed to handle the challenges of rising markets, right this moment introduced the pricing of its preliminary public providing of 16,000,000 American Depositary Shares (“ADSs”) to be offered by OPay at a public providing value of $19.00 per ADS,” the fintech stated in an announcement.
The firm’s shares are listed beneath the ticker image OPAY, with Citigroup, Deutsche Bank, Standard Bank and China International Capital Corporation (CICC) serving as joint book-running managers for the providing.
The IPO additionally gives a possibility to develop the corporate’s shareholder base past its present traders. GentleBank entities held a 6.6% stake in OPay earlier than the providing, in accordance with its registration submitting.
OPay has additionally made provision for extra shares to be offered if investor demand exceeds the preliminary allocation, with the underwriters permitted to buy as much as 2.4 million additional ADSs inside 30 days.
- “In addition, OPay has granted the underwriters a 30-day option to purchase up to an additional 2,400,000 ADSs to cover over-allotments. The offering is expected to close on November 2, 2026, subject to the satisfaction of customary closing conditions,” the assertion added.
OPay’s US IPO plans and proposed Nigerian Exchange itemizing
OPay’s ambition to entry the US capital market turned public in May 2026, when stories emerged that the fintech was making ready an IPO focusing on a valuation of roughly $4 billion.
The proposed itemizing subsequently attracted curiosity from different monetary establishments. In August, it was disclosed that South Africa’s Standard Bank Group was exploring an investment in OPay forward of its deliberate US providing.
- Beyond its US itemizing ambitions, OPay has additionally stepped up efforts to safe a presence on Nigeria’s home inventory market, doubtlessly giving native traders a possibility to take part in its possession.
- In August, Nairametrics completely reported that OPay was considering a listing on the Nigerian Exchange Limited (NGX), in what may change into one of the crucial vital expertise listings within the Nigerian capital market.
- The firm subsequently confirmed the plan in October, disclosing that its board and shareholders had accredited a proposed secondary itemizing on the NGX following the completion of its major itemizing on the NYSE.
The proposed Nigerian itemizing would lengthen OPay’s entry to home traders whereas permitting the corporate to keep up its major presence within the US capital market.
OPay’s transaction worth and funding portfolio forward of US IPO
OPay’s push into the general public markets comes amid vital progress in its transaction volumes and monetary belongings, reflecting the growth of its funds and broader digital monetary providers enterprise.
- In August, Nairametrics reported that the fintech processed $358 billion in gross transaction value (GTV) in 2025, greater than twice the $166.2 billion recorded within the previous yr.
- The figures, contained in paperwork detailing its audited monetary statements, highlighted the rising quantity of funds facilitated via its platform as the corporate ready for its proposed US itemizing.
- The progress in transaction worth was accompanied by an increasing consumer base, with OPay reporting 39.3 million month-to-month energetic customers in 2025, up from 25.1 million in 2024.
More lately, the fintech disclosed a short-term funding portfolio value $532.94 million as of June 30, 2026, with a considerable portion invested via Nigerian asset administration corporations.
