SoftBank-backed fintech giant OPay has officially launched its Initial Public Offering (IPO) today, Friday, October 30, 2026, on the New York Stock Exchange (NYSE) at $19 per share — approximately N25,600.
The company is listing 16 million American Depositary Shares (ADSs) under the ticker symbol OPAY, raising $304 million at the debut price. At $19, the bottom of its $19-$21 indicative range, OPay is valued at about $4 billion.
According to Nairametrics and the company’s official pricing statement:
“OPay Limited today announced the pricing of its initial public offering of 16,000,000 American Depositary Shares to be sold by OPay at a public offering price of $19.00 per ADS. The ADSs are expected to begin trading on the New York Stock Exchange on October 30, 2026, under the ticker symbol OPAY.”
Key Details:
– Ticker: OPAY on NYSE
– Price: $19.00 per ADS (Each ADS = 10 ordinary shares)
– Shares Offered: 16 million ADSs (plus 2.4 million extra for over-allotment)
– Amount Raised: $304 million (up to $336m at top range)
– Valuation: ∼$4 billion – $4.42 billion
– Closing Date: Expected November 2, 2026
– Bookrunners: Citigroup, Deutsche Bank, Standard Bank, CICC
– SEC Approval: Registration declared effective Oct 29, 2026
OPay, founded by Chinese billionaire Yahui Zhou, filed its Form F-1 on October 9, disclosing massive growth: 50.1 million monthly active users and 26.8 million daily users as of July 31, 2026 — up from 16.6 million in early 2024. The company, which makes nearly 90% of its revenue in Nigeria, turned profitable in 2025.
Alongside the IPO, Stanbic Africa Holdings (Standard Bank Group) has agreed to invest up to $200 million via private placement.
The fintech, famous for its POS terminals, transfers, and lending in Nigeria, also plans a secondary listing on the Nigerian Exchange (NGX) in Lagos.
The $19 price is the offer price — the price will fluctuate once trading opens today on Wall Street.