OPay Raises $304 Million in US IPO, Valued at About $4 Billion

Nigerian-focused fintech company OPay has raised $304 million through an initial public offering in the United States, giving the company an estimated valuation of about $4 billion. The company sold 16 million American depositary shares at $19 each, the lower end of its proposed price range. It is expected to trade on the New York Stock Exchange under the ticker OPAY. Founded in 2018, OPay offers payments, transfers, savings and loans across Nigeria and other emerging markets. The company reported about 50 million monthly active users as of July 31, 2026, according to its IPO filing.

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