Airtel Africa's mobile money arm to file for London IPO
The listing will give London one of its largest offerings this year, a rare boost for a market that has faced a prolonged slowdown in new listings
Airtel Money, the mobile money division of Airtel Africa, has announced plans to file for a London initial public offering (IPO). Initially aiming for a listing in the first half of 2026, the company pushed back the timing to the second half of the year due to unfavorable market conditions resulting from the US-Israeli conflict with Iran.
Executing a rare move for the London market, this IPO will likely be one of its largest offerings this year, offering a much-needed boost to the market which has experienced a prolonged slowdown in new listings. Airtel Money is targeting a valuation between $8 billion and $9 billion for the IPO, with plans to raise at least $800 million from investors, as reported by the Financial Times on Tuesday.
Additional IPO details, such as the indicative price range and the number of shares to be offered, are expected to be disclosed in early October.
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