The OPay listing began trading on the New York Stock Exchange on October 30, 2026, with the digital financial platform’s American depositary shares trading under the symbol OPAY.

Key Takeaways

  • OPay says it serves more than 50 million users across Nigeria, Egypt, Pakistan and Indonesia.
  • Its preliminary filing proposed 16 million ADSs, each representing 10 ordinary shares; final offering terms were not provided in the listing announcement.
  • The company plans to invest listing proceeds in technology and growth in Nigeria and other African markets.

OPay listing and proposed offering terms

OPay’s October 23 preliminary registration filing proposed an initial public offering of 16 million American depositary shares at an expected price of $19 to $21 per ADS. The filing said the underwriters could purchase up to another 2.4 million ADSs to cover over-allotments.

Those were preliminary terms, not confirmation of the final offering price or size. The filing also stated that closing was conditional on final NYSE listing approval. OPay’s October 30 announcement confirmed the start of trading but did not provide final offering terms.

Each ADS represents 10 ordinary shares under the terms described in the preliminary registration filing. OPay Limited is a Cayman Islands holding company headquartered in Singapore, with operations primarily conducted through subsidiaries.

Business and financial performance

OPay launched in Nigeria in 2018 and offers payments, transfers, savings, credit and merchant services. The company says it serves more than 50 million users across its four markets.

Chief Financial Officer James Perry said OPay reached a $1 billion revenue run rate in the second quarter of 2026. A run rate describes a pace of revenue rather than the amount earned during the quarter.

Perry also said the company grew 137% year on year and recorded a 19% net margin in the first six months of 2026. OPay plans to use proceeds from the listing to invest in technology and support growth in Nigeria and other African markets.

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