Nigeria digital bank OPay (OPAY.US) submits IPO application to U.S. stock market: Business covers Egypt, Indonesia, and Pakistan, plans to raise up to 500 millions USD.
OPay has applied for listing on the New York Stock Exchange, aiming to raise up to $500 million. Over the past year, its revenue reached $806 million. OPay holds the top market share among financial apps in Africa and the Middle East, with a market share of 9.9%.
According to Golden Ten Data APP, digital bank and fintech platform OPay from Nigeria and other emerging markets submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) last Friday. The fundraising scale is expected to reach up to $500 million.
OPay is a digital financial platform designed to address the challenges of emerging markets. For the six months ended June 30, 2026, based on monthly active users, it is ranked as the number one financial app in Africa and the Middle East, with a market share of 9.9%. Since entering the Nigerian market, OPay has become the country's leading digital financial platform; as of July 31, 2026, based on daily active users, it is ranked second among all category apps in Nigeria. In addition to Nigeria, the company also operates in Indonesia (loan matchmaking), Egypt (merchant acquiring services), and Pakistan (merchant acquiring and consumer wallet services).
This Singapore-headquartered company was founded in 2017 and achieved revenue of $806 million in the twelve months ended June 30, 2026. The company plans to list on the New York Stock Exchange (NYSE), with the stock ticker OPAY. OPay previously submitted a confidential application on February 12, 2026. Citi, Deutsche Bank, Standard Bank, and CICC are joint bookrunners for this transaction. Pricing terms for the issuance have not yet been disclosed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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