OPay Targets $4 Billion US IPO, Surpassing Top Nigerian Banks

SoftBank-backed OPay has appointed Citigroup, Deutsche Bank and JPMorgan to lead its planned US initial public offering. The fintech aims for a $4 billion valuation, exceeding the market caps of Zenith Bank and GTCO and highlighting digital lenders’ rise over legacy banks. With 40 million users and a strong backing from global investors, OPay’s listing could pave the way for other African fintech unicorns to explore international markets. Industry experts say this move underscores growing demand for mobile finance and cements OPay’s dominance in Nigeria’s payments sector.

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