OPay, the fintech company backed by SoftBank, has priced its U.S. initial public offering (IPO) at $19 per American depositary share, putting the company's valuation at approximately $4 billion.

The offering consists of 16 million American depositary shares (ADSs) priced at $19 each, the lower end of the proposed $19 to $21 range. According to a Bloomberg report published on October 30, the deal is expected to raise about $304 million before fees and expenses. The underwriters also hold a 30-day option to purchase up to 2.4 million additional ADSs to cover potential over-allotments, an option that would bring the total offering to about 18.4 million ADSs and roughly $350 million in gross proceeds before fees if exercised in full.

The company plans to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol OPAY, with the offering expected to close on November 2, pending customary closing conditions. Each ADS represents 10 ordinary shares of OPay, a structure that allows overseas companies to list on U.S. exchanges and gives American investors dollar-denominated access to the shares.

Founded in 2018, OPay has established itself as a key player in the digital financial sector, offering a wide range of services including payments, money transfers, savings, credit, and merchant services. The company operates in several countries, including Nigeria, Egypt, Pakistan, and Indonesia, with Nigeria standing out as its most significant market.

As of July 31, 2026, the fintech reported a user base of more than 50 million, with approximately 50 million monthly active users. That growth builds on the company's $400 million funding round in 2021, which lifted its valuation to around $2 billion, roughly half the level implied by the IPO pricing. Before the IPO, SoftBank entities held a 6.6% stake in OPay.

The listing underscores the company's strategy to attract capital from public investors and to further expand its financial services across emerging markets. In early October, OPay also announced plans for a secondary listing on the Nigerian Exchange, which would give Nigerian investors the opportunity to invest in the company.

With its valuation reaching $4 billion, OPay is regarded as one of the most valuable fintech companies focused on Africa as it moves to enter the U.S. public market. Near-term markers for the debut include OPay's first session on the NYSE under the OPAY ticker, the offering's expected close on November 2, and any exercise of the underwriters' over-allotment option. How the planned Nigerian Exchange secondary listing, announced in early October, develops alongside the U.S. offering remains a further point to watch.