Nigeria: OPay to List On NGX After Planned New York IPO
The fintech seeks about a $4 billion valuation and says the local listing could give Nigerian investors direct access to its revenue base.
- On Friday, OPay secured board and shareholder approval for a secondary listing on the Nigerian Exchange Limited following its planned primary listing on the New York Stock Exchange .
- With Nigeria accounting for 89.5% of revenue during the first half of 2026, NGX Group CEO Temi Popoola urged companies to provide domestic investors access to value created from Nigerian customers.
- Revenue more than doubled to $467.1 million in the first half of 2026 from $197.5 million a year earlier, while OPay seeks a valuation of about $4 billion in its American IPO.
- Liquidity fragmentation poses a risk, as the company warned that NGX-listed securities may not be interchangeable with NYSE-traded American depositary shares, potentially causing different prices in Lagos and New York.
- The proposed Nigerian listing remains subject to regulatory approval and NGX rules, and OPay has not disclosed how many shares it may offer locally or whether they convert into NYSE-traded American depositary shares.
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OPay plans listing on NGX to broaden domestic ownership
By Peter Egwuatu OPay, one of Africa’s leading fintech companies, has secured board and shareholders approval to pursue a secondary listing on Nigerian Exchange Limited (NGX) following the completion of its planned primary listing on the New York Stock Exchange (NYSE), a development that aligns with Nigerian Exchange Group Plc’s (NGX Group) earlier advocacy for […]
Nigerian fintech OPay files for New York IPO
Pay, a Nigerian payments and lending app, has filed to list on the New York Stock Exchange, Yinka Adegoke reported for Semafor. Earlier reports put its likely valuation at about $4bn. The company filed on 9 October, bne IntelliNews reported. It will trade under the ticker OPAY, and investors expect it to price in mid-November, Semafor said. OPay […] This story continues at The Next Web
Nigeria: OPay to List On NGX After Planned New York IPO
OPay has secured board and shareholder approval to pursue a secondary listing on the Nigerian Exchange after completing its planned initial public offering in New York. The fintech disclosed the plan in a Form F-1 registration statement filed with the US Securities and Exchange Commission on October 9. The Nigerian listing remains subject to market conditions, regulatory approval and NGX rules, and OPay has not disclosed how many shares it may m…
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