SoftBank-Backed OPay Discloses Terms for US IPO

OPay Ltd., a fintech platform backed by SoftBank, has disclosed terms for its U.S. IPO, planning to offer 16 million American Depositary Shares at a price range of $19.00 to $21.00 per share, aiming to raise approximately $320 million. This would give the company a market capitalization of around $4.2 billion. Additionally, OPay is conducting a concurrent private placement of $200 million with Stanbic Africa Holdings, while cornerstone investors have shown interest in up to $270 million of the IPO shares. The IPO is expected to be priced during the week of October 26, 2026.