The offering marks a significant step for the fintech firm, which has carved out a substantial presence in the Nigerian market. Trading is scheduled to commence later today on the New York Stock Exchange under the ticker symbol OPAY. By pricing at the lower end of expectations, the company completes its entry into public markets amid a cautious environment for new listings.
OPay Prices IPO at $19 per Share
Nigeria-focused financial services platform OPay has priced its initial public offering at $19 per share, landing at the bottom of its projected $19 to $21 range. The company successfully raised $304 million through the sale of 16 million American depositary shares as it prepares for its market debut.
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