Dubai-based fintech group Optasia officially listed on the Johannesburg Stock Exchange (JSE) on Tuesday, November 4, after a R6.5 billion ($345 million) initial public offering priced at R19 per share, the top of its range. The offering was several times oversubscribed, resulting in Optasia having a market capitalization of R23.5 billion ($1.4 billion).
The stock opened at R20.75 before settling around R19.71, making it South Africa’s biggest initial public offering this year and largest fintech listing since 2018. Optasia trades on the JSE’s main board under the ticker OPA in the Consumer Lending – Finance Credit Services sector.
Optasia’s AI-powered platform extends credit and digital financial services to over 120 million users across 38 countries, processing more than 30 million loan transactions daily. CEO Salvador Anglada called the listing “a celebration of belief in our purpose, our people, and our potential.”
Read more: https://www.dabafinance.com/en/news/optasia-jse-ipo-2025
