{"id":4381,"date":"2026-10-30T17:00:54","date_gmt":"2026-10-30T17:00:54","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/opay-raises-304m-in-us-ipo-valued-at-4bn\/"},"modified":"2026-10-30T17:00:54","modified_gmt":"2026-10-30T17:00:54","slug":"opay-raises-304m-in-us-ipo-valued-at-4bn","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/opay-raises-304m-in-us-ipo-valued-at-4bn\/","title":{"rendered":"OPay raises $304m in US IPO, valued at $4bn"},"content":{"rendered":"<div><img width=\"316\" height=\"305\" src=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/10\/OPay-raises-304m-in-US-IPO-valued-at-4bn.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"OPay raises $304m in US IPO, valued at $4bn\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/globalnigerianews.com\/wp-content\/uploads\/2026\/10\/OPay-raises-304m-in-US-IPO-valued-at-4bn.jpg 316w, https:\/\/cdn.vanguardngr.com\/wp-content\/uploads\/2026\/09\/Opay-300x290.png 300w\" sizes=\"(max-width: 316px) 100vw, 316px\"><\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">SoftBank-backed Nigerian fintech company OPay has raised $304 million in its initial public offering (IPO) in the United States, securing a valuation of approximately $4 billion as it seeks to expand its presence in the growing digital financial services market.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">The fintech firm, which focuses on Nigeria and other emerging markets, sold 16 million American depositary shares at $19 each, according to a report by Reuters on Friday.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">The offering price was at the lower end of its targeted range of $19 to $21 per share.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">OPay\u2019s listing comes amid challenging market conditions, with persistent inflation and a selloff in artificial intelligence-related stocks weighing on investor sentiment.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">The uncertainty has prompted several companies to postpone their planned listings as market volatility and concerns over valuations make it increasingly difficult to attract investors and secure favourable pricing.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">Founded in 2018, OPay provides digital financial services across emerging markets, including Nigeria and Indonesia.<\/p>\n<p class=\"wp-block-paragraph\">Its platform offers payments, money transfers, savings and loans through a single application, targeting gaps in banking infrastructure and limited access to traditional financial services in developing economies.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">The company was founded by Chinese billionaire Yahui Zhou, who also established Beijing Kunlun Tech, a Chinese gaming company that previously owned dating application Grindr.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">OPay previously raised $400 million in 2021 at a valuation of $2 billion, marking a significant increase in its valuation ahead of its latest public offering.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">According to its IPO prospectus, the fintech company had approximately 50 million monthly active users as of July 31, 2026.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">SoftBank entities held a 6.6 per cent stake in OPay before the public offering, according to the filing.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">Citigroup, Deutsche Bank, Standard Bank and CICC are among the underwriters managing the IPO.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\">Following the offering, OPay is expected to list on the New York Stock Exchange under the ticker symbol OPAY.<\/p>\n<p class=\"wp-block-paragraph\">\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/vanguardngr.com\/\">Vanguard News<\/a><\/p>\n<p>The post <a href=\"https:\/\/www.vanguardngr.com\/2026\/10\/opay-raises-304m-in-us-ipo-valued-at-4bn\/\">OPay raises $304m in US IPO, valued at $4bn<\/a> appeared first on <a href=\"https:\/\/www.vanguardngr.com\/\">Vanguard News<\/a>.<\/p>\n<\/div>\n<p>Source: <\/p>\n<div class=\"nSourse\">Vanguard News<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SoftBank-backed Nigerian fintech company OPay has raised $304 million in its initial public offering (IPO) in the United States, securing a valuation of approximately $4 billion as it seeks to&hellip; <\/p>\n","protected":false},"author":1,"featured_media":4382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-4381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=4381"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media\/4382"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=4381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=4381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=4381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}