OPay Files for Estimated $500 Million NYSE IPO

OPay filed a registration statement with the SEC for a proposed IPO on the New York Stock Exchange under the ticker OPAY. Outside estimates put potential proceeds at up to $500 million. The company had filed confidentially on February 12, 2026. First-half revenue more than doubled to $467.1 million from $197.5 million a year earlier, a 137% year-over-year rise, while net income climbed to $90.9 million from $21.7 million. Revenue for the 12 months ended June 30, 2026 totaled $806 million. The filing cited 50.1 million monthly active users. The Singapore-based firm, founded in 2017, operates in Nigeria, Indonesia, Egypt and Pakistan. SoftBank Vision Fund 2 led a 2021 funding round. Bloomberg reported on May 1 that OPay sought a $4 billion valuation, double the $2 billion valuation from that 2021 round. In the filing the company said millions of consumers and merchants use OPay for everyday transactions and that OPay is uniquely positioned to capture this opportunity as a comprehensive FinTech platform integrating payments, savings, credit and lifestyle solutions designed to serve users across all socioeconomic segments. No offering size or pricing was disclosed.