The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksMedium•2 May 2026•

1 min read

SoftBank-Backed OPay Plans US IPO with $4 Billion Valuation Target

Key Facts

1SoftBank-backed OPay is targeting a valuation of around $4 billion for its planned US initial public offering.

2The company has engaged Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. for the IPO process.

OPay, the prominent fintech platform backed by SoftBank Group, is preparing for an initial public offering in the United States later this year. The company is reportedly targeting a valuation of approximately $4 billion, highlighting the rapid growth of fintech services within emerging markets. To facilitate the listing, OPay has engaged major global investment banks including Citigroup Inc., Deutsche Bank AG, and JPMorgan Chase & Co. This strategic move follows a significant expansion of the company's user base, which now exceeds 40 million customers, primarily driven by its operations in Nigeria. The planned IPO aims to enhance the firm's access to international capital markets and support its long-term growth trajectory. This potential listing represents a major milestone for African-focused tech companies seeking global investor exposure via US exchanges.