OPay Files for NYSE IPO, Posts $90.9M Half-Year Profit and Eyes Nigeria Secondary Listing
Nigerian fintech OPay has filed for a listing on the New York Stock Exchange, disclosing a $90.9 million profit for the first half of 2026 and approximately 50 million monthly active users. The filing also indicates OPay is considering a secondary listing on the Nigerian Exchange, a move that would make it one of the few African fintechs with a dual public market presence. Standard Bank's previously reported $200 million pre-IPO stake acquisition provides an institutional anchor heading into the offering.
OPay IPO: the secondary listing is the number that matters most
$90.9 million profit in six months. 50 million monthly users. Revenue growing at 136% year on year. The headline numbers are genuinely striking.
But the line buried in the filing is the one worth sitting with: OPay is considering a secondary listing on the Nigerian Exchange — meaning Nigerian retail investors could, for the first time, buy a stake in the app handling their bus fares, market payments and POS transactions.
That would make OPay almost singular among African fintechs. The default has been to list abroad and leave local savers watching from the outside. If this secondary listing actually happens, the wealth being created on top of Nigerian infrastructure starts — even partially — flowing back to Nigerian investors.
'Considering' is doing a lot of work in that sentence, though. The question is whether it converts into a real offer, at a price ordinary investors can access, before the New York listing sets terms that make the NGX feel like an afterthought.
3 sources
- OPay files for a New York listing: what its numbers say about your app · techcityng.com · T2
- OPay files for US IPO, considers secondary listing in Nigeria · thecondia.com · T2
- OPay makes $90.9 million profit in six months as it files for a US IPO · technext24.com · T2