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Monday, 12 October 2026

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SoftBank-Backed OPay Eyes US IPO as African Fintech Growth Draws Global Capital

By Tim Clark4 min read

Lagos, 1 May 2026 – SoftBank-backed OPay is preparing for a potential initial public offering in the United States, in a move that could place one of Africa’s most prominent digital-payments companies into the global public-market spotlight.

The company has hired Citigroup, Deutsche Bank and JPMorgan Chase to work on the planned listing, with the IPO possibly taking place later this year. OPay is reportedly seeking a valuation of about US$4 billion, although the final timing and valuation will depend on market conditions, investor appetite and broader sentiment toward fintech listings.

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Author

  • Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

    Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.