OPay Plans Landmark Listing on Nigerian Exchange

OPay is preparing for a possible listing on the Nigerian Exchange, a move that could become one of the largest technology listings in Nigeria’s capital market.

The fintech company is also reportedly working toward a potential initial public offering in the United States, where it has targeted a valuation of about $4 billion. It remains unclear whether the Nigerian listing would happen at the same time as the US offering or later as part of a dual-listing structure.

Key details of the proposed NGX transaction have not been disclosed. They include the timing, the size of the offer, the company’s valuation and the percentage of shares that could be made available to investors.

OPay ranks among Nigeria’s largest fintech companies. It has expanded rapidly in recent years, particularly as digital payments and electronic transfers have accelerated.