{
  "id": 17320151,
  "title": "OPay Raises $304m in US IPO, Valued at $4bn, Puts Trading on Hold",
  "url": "https://urgent.news/2026/10/31/opay-raises-304m-in-us-ipo-valued-at-4bn-puts-trading-on-hold",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T01:24:01.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/31/opay-raises-304m-in-us-ipo-valued-at-4bn-puts-trading-on-hold/"
  },
  "original_language": "en",
  "account": "Nigerian fintech company OPay raised $304 million in an IPO on the US stock market, securing a valuation of roughly $4 billion. The transaction saw OPay issue 16 million American depositary shares at $19 per share, which was at the lower end of its expected price range of $19 to $21 per share. The company's Co-Chief Executive Officer, Lars Rahbaek Boilesen, and Shamsuddeen Usman represented OPay at the New York Stock Exchange (NYSE) ceremony, where they rang the opening bell. The IPO, which came amid growing demand for digital financial services in emerging markets, particularly in countries with limited traditional banking infrastructure, took place despite a temporary hold on the commencement of trading of OPay's shares due to an outstanding regulatory requirement in a foreign jurisdiction. OPay stated that the requirement concerned a formal regulatory No-Objection indicating the need for an additional approval in a foreign jurisdiction. The company emphasized that this development should not be interpreted as a cancellation, rejection, or reversal of its successful listing on the NYSE. OPay assured that the matter would be resolved in due course and that it was actively addressing the requirement through appropriate channels. The company expressed confidence in the resolution, reaffirming its commitment to Nigeria and its customers, merchants, agents, business partners, and the broader financial ecosystem. OPay, founded in 2018, offers digital financial services across emerging economies, including Nigeria and Indonesia, and had approximately 50 million monthly active users as of July 31, 2026.",
  "summary": "• Fintech sells 16m shares at $19 apiece, rings NYSE opening bell Nume Ekeghe and Sunday EhigiatorSoftBank-backed Nigerian fintech company, OPay, has raised $304 million through its initial public offering",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}