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Airtel Money Plans London IPO, Boosting UK Equities Market
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Moneycontrol•23-09-2026, 12:26
Airtel Money Plans London IPO, Boosting UK Equities Market
- •Airtel Money, part of Airtel Africa Plc, is considering a London Stock Exchange listing through the sale of existing shares.
- •The potential IPO, estimated at $800 million, would be the UK's largest since 2021, despite being smaller than initial expectations.
- •Airtel Money processed $213 billion in the past year with 53 million monthly active users, primarily in East Africa, Nigeria, and French-speaking Africa.
- •The Financial Conduct Authority's expedited IPO rules and London's emerging-market investor base influenced the decision to list in the City.
- •The offering is expected to significantly boost London's IPO volumes, which have been low this year, with Citigroup, Barclays, Bank of America, Goldman Sachs, and JPMorgan arranging the deal.
Key Questions Answered
Airtel Money has filed for a potential initial public offering in London with a reported deal size of at least $800 million, which is lower than the previously hoped-for range of $1.5 billion to $2 billion.
Airtel Africa Chief Executive Officer Sunil Taldar cited the City's emerging-market investor base and its strong understanding of fintech and payments as the primary reasons for selecting London.
The offering is being arranged by major financial institutions including Citigroup Inc., Barclays Plc, Bank of America Corp., Goldman Sachs Group Inc., and JPMorgan Chase & Co.
