{
  "id": 9509875,
  "title": "Airtel Money eyes London IPO",
  "url": "https://urgent.news/2026/09/24/airtel-money-eyes-london-ipo",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T07:03:48.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/airtel-money-eyes-london-ipo/"
  },
  "original_language": "en",
  "account": "Nairobi, Kenya (Sept 24) – Airtel Money, a digital financial services provider, plans to list its shares on the London Stock Exchange, detaching the business from its parent company's structure. Airtel Mobile Commerce N.V., the Dutch entity behind Airtel Money, announced the proposed initial public offering (IPO) on Wednesday, detailing that the shares would be sold by current shareholders without raising new capital. The company currently serves 13 African nations, boasting around 53 million monthly active users as of June 30, 2026, across markets like Kenya, Uganda, Tanzania, Rwanda, Zambia, Malawi, and several Francophone African countries. Airtel Money's CEO, Ian Ferrao, highlighted the listing as the beginning of a new chapter for the business, emphasizing the substantial growth opportunities and the favorable demographic and digital trends within the markets they serve. The company reported a $213 billion processed value for the 12 months leading up to June 2026, reflecting a 33% compound annual growth rate in US dollars since March 2018. Revenue for the financial year ending March 2026 stood at $1.346 billion, with EBITDA growing at a 40% compound annual rate from March 2018 to June 2026. Airtel Money achieved an EBITDA margin of approximately 50% and a pre-tax cash conversion ratio above 90% over the past three years, with no external debt and capital expenditure accounting for only three percent of revenue in the year ended March 2026. The planned listing coincides with the expansion of mobile money platforms into various financial services, including merchant payments, cross-border transactions, digital cards, savings, insurance, and credit. Airtel Money operates over 2.3 million agents and 43,000 exclusive retail touchpoints as of June 2026, serving more than 3,700 enterprises through its enterprise payments platform. Airtel Africa, which indirectly owns 77.85% of Airtel Mobile Commerce N.V., will remain a strategic investor after the proposed IPO, with the transaction subject to regulatory approvals and a final prospectus.",
  "summary": "Airtel Mobile Commerce N.V., the Netherlands-incorporated company behind Airtel Money, said on Wednesday that it intends to undertake an initial public offering and seek admission of its ordinary shares to the Main Market of the London Stock Exchange.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}