topstockalerts
Oct 24, 1:26 AM
OPay Limited, a digital financial services platform focused on emerging markets, plans to raise up to
$336 million in a New York Stock Exchange IPO by offering 16 million American depositary shares at
$19–
$21 each under the proposed ticker $ OPAY. Each ADS represents 10 ordinary shares. Existing and prospective institutional investors have expressed nonbinding interest in purchasing up to
$270 million of the offering.
OPay processed
$558 billion in gross transaction value across 90.1 billion transactions in the 12 months ended June 30, 2026, supported by 50.1 million monthly active users across Nigeria, Indonesia, Egypt and Pakistan. First-half 2026 revenue more than doubled year over year to
$467.1 million from
$197.5 million, while net income rose to
$90.9 million from
$21.7 million. Following its NYSE debut, OPay plans a secondary listing on the Nigerian Exchange. Citigroup, Deutsche Bank, Standard Bank and CICC are joint bookrunners.
$C $DB
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