African mobile payments giant Airtel Money plots largest float on the London Stock Exchange for five years
Airtel Money was founded in 2011 and lets customers load credit onto their mobile phones and withdraw cash from thousands of branches and small kiosks in Africa.
Airtel Money, the African mobile payments business owned by Indian telecommunications giant Airtel Africa, has announced plans for a multi-billion dollar London Initial Public Offering (IPO). The company, which currently has over 50 million active customers across Africa, aims to raise as much as $800 million in investments. Airtel Money's CEO, Ian Ferrao, expressed optimism about the benefits of a London listing, stating that it will "underpin our next wave of growth" and capitalize on the significant demographic and digital opportunities in the markets the company serves.
Ferrao added that the IPO will provide a platform for Airtel Money to "continue transforming financial services across Africa and build value for our customers, partners, African governments, and shareholders."
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Airtel Money confirms plans for multi-billion London IPO cityam.com
- Airtel Money announces IPO plans, targets London Stock Exchange listing nairametrics.com
- Airtel Money to reveal London IPO price range in October businessday.ng
- Mobile Payments Firm Airtel Money Announces Plans for London IPO bloomberg.com
- Airtel Money files for London IPO through offer for sale by shareholders business-standard.com
