Airtel Money prices IPO at £1.96 per share
Company plans to sell 270 million shares in the offering
Airtel Money, the mobile money subsidiary of Airtel Africa, announced on Thursday that it will price its London initial public offering (IPO) at £1.96 per share, according to wire material. The decision values the company at approximately £5.3 billion ($7.0 billion), setting the stage for its anticipated market debut in mid-October.
Airtel Money intends to issue 270 million shares in the offering, which would generate gross proceeds of around £529.2 million. The company's valuation is marginally lower than previously reported figures suggesting a potential valuation of $8 billion to $9 billion. All comments must be in English and in full sentences, adhering to community guidelines and avoiding abusive or personal remarks.
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