OPay, a Nigeria-focused digital monetary companies firm, has listed on the New York Stock Exchange (NYSE), elevating $304 million in its preliminary public providing (IPO) and securing a market capitalisation of greater than $4 billion.
The firm started buying and selling on Friday, pricing its providing at $19 per American Depositary Share (ADS). It offered 16 million ADSs, with every representing 10 bizarre shares.
According to the corporate, the United States Securities and Exchange Commission declared its registration assertion efficient on 29 October, and the providing was anticipated to shut on 2 November.
Lars Boilesen, OPay’s co-chief govt officer, stated the itemizing marked a major milestone for the corporate and Nigeria’s monetary know-how sector.
“Today, OPay serves over 50 million monthly active users across Nigeria, Egypt, Pakistan, and Indonesia. Since launching in Nigeria eight years ago, we have pioneered seamless digital payments to become the country’s leading digital financial platform,” he stated.
Mr Boilesen stated the corporate had recorded a 9.9 per cent market share throughout Africa and the Middle East based mostly on month-to-month common customers in the primary half of 2026.
He stated OPay noticed additional development alternatives in Nigeria, the place an estimated 40 million adults remained exterior the formal monetary system.
“Our journey is just beginning. In Nigeria, an estimated 40 million adults remain outside the formal financial system,” he stated.
He added that the corporate meant to use its expertise in Nigeria to different rising markets, the place younger populations and growing cell web entry had been increasing demand for digital monetary companies.
Stephen Wen, one other co-chief govt officer of OPay, stated the corporate was positioned to increase throughout rising markets, citing rising smartphone penetration and demand for accessible monetary companies.
“In Nigeria, more than 60 per cent of the population are underserved by traditional banks and rely on cash. As we grow, we will stay focused on solving our customers’ pain points to make financial services accessible and convenient,” he stated.
James Perry, OPay’s chief monetary officer, stated the corporate had reached a $1 billion income run fee in the second quarter of 2026.
He stated OPay recorded 137 per cent year-on-year development and a 19 per cent web margin in the primary six months of the 12 months.
ALSO READ: How OPay is taking financial inclusion closer to more Nigerians
“OPay enters the public markets from a position of financial strength, reaching a $1 billion revenue run rate in Q2 2026. For the first six months of 2026, we grew 137% year-on-year and reached 19% net margin,” Mr Perry stated.
He stated the corporate deliberate to make use of the IPO proceeds to take a position in know-how and help development in Nigeria and different African markets.
OPay has expanded past funds into financial savings, credit score and service provider companies, with plans to develop a broader monetary and life-style platform.
Launched in Nigeria in 2018, OPay operates an built-in digital monetary platform serving customers in Nigeria, Egypt, Pakistan and Indonesia.
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