Airtel Money targets $7 billion valuation in London IPO debut
The listing gives investors a price for a business processing more than $245 billion in annualised transactions.
Airtel Money, the mobile money business unit of Airtel Africa, is set to debut on the London Stock Exchange with a £5.3 billion ($7 billion) valuation. The company priced its IPO at £1.96 ($2.59) per share, generating an expected sale of 270 million existing shares and potentially 27 million additional shares through an over-allotment option.
This marks the first time Airtel Money's public valuation will be assessed, with transactions topping $245 billion annually and revenue of $404 million quarterly. The IPO is anticipated to be London's largest since Fermi's dual listing in September 2025, despite being smaller than the anticipated $800 million deal.
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Also reported by 2 other outlets
- Airtel Money set for £5.3bn valuation in London’s biggest IPO in years cityam.com
- Airtel Money prices IPO at £1.96 per share thehindubusinessline.com
