Airtel Money confirms plans for multi-billion London IPO
Airtel Money has confirmed plans for a London IPO in what would mark one of the London Stock Exchange’s biggest flotations in years. The African mobile payments business, which is controlled by Indian-owned telecoms group Airtel Africa, is reportedly seeking a valuation at as high as $9bn (£6.8bn). The fintech, which operates via branches and [...]
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."
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Also reported by 2 other outlets
- Airtel Money to reveal London IPO price range in October businessday.ng
- Mobile Payments Firm Airtel Money Announces Plans for London IPO bloomberg.com
