OPay Prices Initial Public Offering at $19.00 per ADS
OPay Limited has announced the pricing of its initial public offering (IPO), consisting of 16,000,000 American Depositary Shares (ADSs) at a price of $19.00 per share. The company expects to begin trading on the New York Stock Exchange under the ticker symbol 'OPAY' on October 30, 2026. The digital financial platform, which serves over 50 million users across Nigeria, Egypt, Pakistan, and Indonesia, has granted underwriters a 30-day option to purchase an additional 2.4 million ADSs to cover over-allotments. The offering is scheduled to close on November 2, 2026. Citigroup Global Markets Inc., Deutsche Bank AG, and The Standard Bank of South Africa Limited are serving as joint book-running managers for the offering. This move marks a significant milestone for OPay as it seeks to expand its footprint in emerging markets through public capital.
Topics: American Depositary Shares Initial Public Offering Stock Exchange Listing
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