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OPay Announces Pricing of Initial Public Offering
OPay said the sale includes a 30-day over-allotment option for 2.4 million more ADSs as it seeks to expand its digital financial platform.
- On Friday, OPay Limited announced the pricing of its initial public offering of 16 million American Depositary Shares at $19 per ADS, with trading beginning today on the New York Stock Exchange under ticker symbol OPAY.
- Launched in Nigeria in 2018, OPay serves over 50 million users across Nigeria, Egypt, Pakistan, and Indonesia by providing digital financial services to consumers and businesses outside traditional banking systems.
- Citigroup Global Markets Inc., Deutsche Bank, and The Standard Bank of South Africa Limited are acting as joint book-running managers, with Riley Securities, Inc. and Needham and Company, LLC serving as co-managers for the offering.
- OPay granted underwriters a 30-day option to purchase up to an additional 2,400,000 ADSs to cover over-allotments, with the offering structured under the Securities Act of 1933 registration requirements.
- The offering is expected to close on November 2, 2026, subject to customary closing conditions, while interested parties may obtain the final prospectus from the managing financial institutions.
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Nigerian fintech company OPay has made its debut on the New York Stock Exchange (NYSE), becoming the first Nigerian fintech to be listed on the US stock market. The SoftBank-backed company began trading on Friday, October 30, under the ticker symbol OPAY, after pricing its initial public offering at $19 per American depositary share, raising […]
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Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
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60% Center
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C 60%
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