OPay targets up to $366m in New York IPO at $4.42bn valuation
Financing · announced$366mMonday 26 October 2026
OPay is seeking to raise up to $370 million through an initial public offering of American Depositary Shares in New York. The offer could value the digital payments firm at $4.4 billion.
A listing by one of Nigeria's largest fintechs would be a benchmark for valuations of African payments companies in global markets.
Nigeria-focused fintech OPay sold 16 million American depositary shares at $19 each, raising $300 million and valuing the company at about $4 billion. It rang the NYSE opening bell, but ThisDay reports that trading was temporarily held over an outstanding regulatory clarification in a foreign jurisdiction.
Fidelity Bank repaid its 5-year $400 million senior unsecured notes at maturity, having issued them on October 28, 2021. The payment shows the bank meeting its international debt obligations.
The Bank of Industry and France's Agence Française de Développement signed a $30 million credit facility. The facility is intended to support Nigeria's creative and cultural industries.
The Bank of Industry has secured more than €2.22 billion and N250 billion in new funding from transactions concluded between 2024 and 2026. The development lender says the funds will help close Nigeria's industrial financing gap.
