OPay don list for di New York Stock Exchange, as di Nigerian-focused fintech company sell 16 million American Depositary Shares at $19 each. Di listing start on Friday, October 30, after OPay announce di IPO price. Di shares dey trade under ticker OPAY.
Nairametrics report say di $19 per ADS na di lower end of di $19 to $21 range wey OPay first show investors. Di offering get 16 million ADS, and di company fit sell up to 2.4 million extra ADS within 30 days if demand pass initial allocation. Citigroup, Deutsche Bank, Standard Bank and China International Capital Corporation na joint book-running managers.
Leadership report say di listing carry OPay market capitalisation to $4.01 billion. Nairametrics put di valuation around $4 billion. Before di listing, Reuters report say SoftBank-backed OPay target up to $4.4 billion US IPO valuation, while Techpoint Africa report say di company dey raise up to $336 million with $270 million demand already lined up. Business Insider Africa report say OPay seek $366 million and Standard Bank commit up to $200 million.
OPay filed Form F-1 registration statement with di US Securities and Exchange Commission on October 9, formally starting di plan to list on NYSE. SoftBank entities hold 6.6% stake before di offering, according to di registration filing. OPay ambition to enter US capital market become public in May 2026, when reports talk about IPO targeting about $4 billion valuation.
Di OPay topic also show at number 18 for di Nigeria trending list on X.
