OPay Plans $336 Million US IPO

OPay, a fintech company focused on Nigeria and other emerging markets, is seeking to raise up to $336 million in a New York IPO by offering 16 million American depositary shares for $19 to $21 each, implying a valuation of roughly $4.2 billion at the midpoint. Investors have indicated interest in buying up to $270 million of shares, and Standard Bank plans a concurrent private placement of up to $200 million alongside discussions of potential commercial partnerships. OPay, which also operates in Indonesia, Egypt and Pakistan, plans to use the proceeds to invest in technology, expand its markets and distribution network, develop products, and pursue strategic opportunities. The company reported 50 million monthly active users and a sharp improvement in financial performance, including $467.1 million in revenue and $61 million in net profit in the first half of 2026.