Airtel Money IPO: Ksh335 share price, Ksh906B valuation and key dates
Airtel Money has set the price of its planned initial public offering (IPO) at £1.96 per share, equivalent to about Ksh335, ahead of its planned listing on the London Stock Exchange. The offer price gives Airtel Money an estimated market capitalisation of £5.3 billion, or about Ksh906 billion, when the company is admitted to trading. […]
Airtel Money, a mobile-money business of Airtel Africa, is set to go public on the London Stock Exchange, with its shares priced at £1.96 each, equivalent to approximately Ksh335. The company anticipates listing on October 14, 2026, with conditional trading beginning on October 9, 2026. The IPO offers 270 million existing shares at the offering price, amounting to about Ksh90.5 billion, and potentially up to 297 million shares if the over-allotment option is utilized, totaling around Ksh99.7 billion.
Notably, Airtel Money will not receive fresh capital from the main share sale, as it is already debt-free and cash-generative. The International Finance Corporation (IFC) is set to invest up to £67.2 million in the company, which translates to approximately Ksh11.5 billion at the current exchange rate. The retail portion of the IPO is open to eligible UK investors, with a minimum application of £250, or about Ksh42,850, closing on October 8, 2026.
After the IPO, roughly 16.5% of Airtel Money's shares are expected to be publicly held, potentially rising to 17.5% with the maximum over-allotment option. Upon listing, Airtel Money aims for inclusion in FTSE UK indices, bolstering its growth prospects.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
