OPay Plans Landmark Listing on NGX
OPay is planning to list its shares on the Nigerian Exchange Limited (NGX), according to a report obtained by THISDAY. According to numerous reports, the fintech company is expected
OPay is set to potentially list its shares on the Nigerian Exchange Limited (NGX), according to recent reports. The fintech company is reportedly preparing for an upcoming initial public offering (IPO) in the United States, aiming for a valuation of around $4 billion. The timing and structure of the NGX listing remain unclear, as it may coincide with or follow the US IPO as part of a dual-listing approach.
This proposed listing could mark a significant milestone in Nigeria's capital market, potentially being one of the most notable technology listings in the country's history. Specific details regarding the listing, such as the exact date, offer size, valuation, and the percentage of shares available to investors, have not been disclosed yet.
OPay is among Nigeria's leading fintech firms, experiencing rapid growth, especially since the surge in digital payments and electronic transfers.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
