OPay, a digital bank and fintech platform in Nigeria and other emerging markets, raised $304 million by offering 16 million shares at $19, the low end of the $19 to $21 range. At pricing, the company commands a market value of $4.0 billion.
OPay is a digital financial platform built for the challenges of emerging markets. It was the #1 finance app in Africa and the Middle East, with a 9.9% market share based on monthly active users in the six months ended June 30, 2026. Since launching in Nigeria, OPay has become the country’s leading digital financial platform and was the country's #2 app across all categories based on daily active users as of July 31, 2026. In addition to Nigeria, the company operates in Indonesia (loan facilitation), Egypt (merchant acquiring services), and Pakistan (merchant acquiring and consumer wallet services).
The Singapore-based company will trade on the NYSE under the symbol OPAY. Citi, Deutsche Bank, Standard Bank, and CICC acted as joint bookrunners on the deal.
