Airtel Money targets $7 billion valuation in London IPO debut

Airtel Money, the mobile money business of Airtel Africa, is set to debut on the London Stock Exchange with a valuation of £5.3 billion ($7 billion) through its initial public offering (IPO). The company priced its shares at £1.96 ($2.59) each, according to a regulatory filing. This marks the first time Airtel Money's valuation will be publicly known, after years of the business becoming a significant part of Airtel Africa's financial story.

The IPO sale is expected to generate £529.2 million ($698.54 million), with most of the proceeds going to existing investors rather than Airtel Africa or Airtel Money. The listing provides investors with a price for a business processing over $245 billion in annualised transactions. Airtel Africa is expected to hold about 16.5% of its shares publicly after the IPO, rising to 17.5% if the over-allotment option is fully exercised.

The company expects the resulting free float to make it eligible for inclusion in FTSE UK indices. Airtel Money has 56.5 million customers as of June 2026, with $245 billion in annualised transactions and $404 million in quarterly revenue.