OPay, one of di biggest fintech companies for Naija, don show say dem dey print heavy money as dem dey prepare to enter di New York Stock Exchange (NYSE).
Inside di paper wey dem submit to di U.S. Securities and Exchange Commission (SEC) on October 9, 2026, OPay declare massive $90.9 million pure profit for di six months wey end for June 30. Dis one na very big jump from di $21.7 million wey dem make around di same time last year. Dia revenue sef scatter everywhere, doubling to $467.1 million compared to di $197.5 million dem see last year.
As part of dia big plans, dem don apply to list dia shares for NYSE under di ticker symbol OPAY. But make e clear say, di shares never dey available for people to buy right now, and dem never announce di exact date wey dem go launch am.
OPay journey to US stock market
Dis US IPO movement na to help dem gather more investment from both private and public markets. Dem even dey consider to list for Nigerian Exchange so dat Naija people and local investors fit buy dia shares too.
Reports don show say OPay dey target around $4 billion valuation for dis IPO. (Remember say in 2021, dem value dem at $2 billion after dem raise $400 million). To make sure say dis US IPO run smoothly, dem don carry big financial heavyweights like Citigroup, Deutsche Bank, Standard Bank, and CICC as underwriters to guide dem.
On top of dat, Stanbic Africa Holdings don promise to drop up to $200 million for private investment, which show say dem believe well-well in OPay's future.
With di way Naija people and businesses dey depend on OPay for money transfers, loans, and merchant payments, dis public listing go make global investors look closely at how di company dey make money, their profit, and wetin dem plan to achieve next.
Enjoy this gist? Make e dey land for your inbox.



