Nigerian Digital Bank OPay (OPAY.US) Files for U.S. IPO, Operations Span Egypt, Indonesia and Pakistan, Seeking Up to $500 Million

Stock News10-12

OPay, a digital banking and fintech platform serving Nigeria and other emerging markets, submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) last Friday, with the fundraising expected to reach as much as $500 million.

OPay is a digital financial platform built to address the challenges of emerging markets. During the six months ended June 30, 2026, it was the number one finance app in Africa and the Middle East by monthly active users, with a 9.9% market share.

Since entering the Nigerian market, OPay has become the country's leading digital financial platform; as of July 31, 2026, it ranked second among all app categories in the country by daily active users.

Beyond Nigeria, the company also operates in Indonesia (loan facilitation), Egypt (merchant acquiring services), and Pakistan (merchant acquiring and consumer wallet services).

The Singapore-headquartered company was founded in 2017 and generated revenue of $806 million in the 12 months ended June 30, 2026.

The company plans to list on the New York Stock Exchange (NYSE) under the ticker symbol OPAY. OPay had confidentially filed its application on February 12, 2026.

Citigroup, Deutsche Bank, Standard Bank, and CICC are serving as joint bookrunners for the transaction. Pricing terms for the offering have not yet been disclosed.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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