OPAY Ltd

Listed Primary

Proposed symbol OPAY on New York Stock Exchange · First filed Oct 9, 2026 · CIK 2103076

Effective prospectus: F-1/A Oct 23, 2026 (0001193125-26-430437) · terms available

“This is an initial public offering of American depositary shares, or ADSs, representing ordinary shares of par value of US$0.000004 each of OPay Limited. We are offering a total of 16,000,000 ADSs, each representing ten of our ordinary shares of par value of US$0.000004 each.”

Now trading as OPAY →

Offer price

$19 - $21

Shares offered

16,000,000

Revenue (FY —)

Not available

Net income (FY —)

Not available

What the company does

OPay is a digital financial platform built for the challenges of emerging markets. It uses technology to provide consumers and businesses with fast, reliable and secure financial services through an integrated suite of solutions. OPay operates in Nigeria, Indonesia, Egypt and Pakistan, providing services such as digital payments, loan facilitation, merchant acquiring and consumer wallets.

Use of proceeds

OPay intends to use the net proceeds from the offering and the concurrent private placement for general corporate purposes, including to fund growth initiatives such as investments in technology, distribution, new solutions and market expansion, and for potential acquisitions or strategic investments. Any proceeds not immediately applied to those purposes are intended to be invested in short-term, interest-bearing debt instruments or bank deposits.

Underwriters

Citigroup Deutsche Bank Standard Bank CICC B. Riley Securities Needham & Company

Extracted from F-1/A 0001193125-26-430437, filed Oct 23, 2026 and verified against that filing text.

Key risk factors

Indirect control of KUFI

“The contractual arrangements provide us with supervision over, and the ability to receive the economic benefits from, KUFI, but are not equivalent to direct equity ownership.”
No Prior Public Market

“Prior to this offering, there has been no public market for the ADSs.”

Financials before the first trade

The completed SEC companyfacts import produced no qualifying full-year financial history for this filer.

Filing history

Filed	Form	Accession
2026-10-23	F-1/A	0001193125-26-430437	View on EDGAR
2026-10-09	F-1	0001193125-26-418812	View on EDGAR

Source quotes

Offer price: “We expect the initial public offering price will be between US$19.00 and US$21.00 per ADS.”

Shares offered: “We are offering a total of 16,000,000 ADSs, each representing ten of our ordinary shares of par value of US$0.000004 each.”