Opay Digital Services, the SoftBank-backed Nigerian payments platform, is weighing a secondary listing on the Nigerian Exchange alongside its planned US IPO, targeting a valuation of roughly $4 billion. In 2025, the company posted $536.3 million in revenue, a 161% jump year-over-year, with an operating profit of $107.1 million. It processed $358 billion in gross transaction value last year, with 88.1% of revenue generated in Nigeria. Citigroup, Deutsche Bank and JPMorgan Chase have been retained to advise on the US IPO, with the prospectus expected imminently.
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