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OPay: planned New York listing

This dossier follows OPay’s planned New York listing and regulatory obstacles to completion.

Last updated : 1 key moments
Lagos skyline in 2015.
Lagos in 2015, archival illustration unrelated to the inquiry. Clara Sanchiz, CC BY-SA 2.0. — Clara Sanchiz — CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0/ — 28 février 2015, sans modification

Where things stand

As of 31 October 2026, OPay says its offering has been halted following an unspecified regulatory inquiry.

Reported information

OPay announces halt to New York flotation

The Nigeria-focused payments platform announced on 31 October that its New York flotation had been halted, citing a regulatory inquiry.

Lagos skyline in 2015.
Lagos in 2015, archival illustration unrelated to the inquiry. Clara Sanchiz, CC BY-SA 2.0. — Clara Sanchiz — CC BY-SA 2.0 https://creativecommons.org/licenses/by-sa/2.0/ — 28 février 2015, sans modification

The offering involved 16 million depositary shares at $19 each, or $304 million. The jurisdiction and subject of the inquiry were not disclosed.

OPay says its services and financial position are unaffected. That assurance is the company’s account; no date for restarting the offering has been established.

Sources 2