OPay Eyes Local Stock Market as Part of $4 Billion Valuation Push
Nigeria’s leading fintech, OPay, may soon extend its listing ambitions to the Nigerian Exchange (NGX) alongside potential US public offerings. While details remain unconfirmed by the company, reports suggest OPay could offer shares on the NGX, potentially tapping into growing local investor interest.
The move comes as OPay prepares for a broader valuation assessment of $4 billion, which would represent significant growth from its current valuation of $3.17 billion - a figure supported by Opera’s stake increasing to $300.9 million in fair value gains at the end of Q2 2026.
Why This Matters:
- OPay’s listing could inject fresh capital into Nigeria’s tech ecosystem
- A dual listing strategy would broaden investor access and market visibility
- The move aligns with calls from NGX for local fintechs to list on domestic exchanges
The timing is particularly favorable as the NGX has seen a 57% increase in its All-Share Index this year, adding $43.8 billion to listed companies’ total value - demonstrating robust market participation and investor confidence.
Standard Group, South Africa’s largest lender, had previously expressed interest in acquiring an OPay stake before any public listing, indicating strong regional appetite for the fintech’s growth story.