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Airtel Money Targets $700 Million London IPO in Major Boost for City Listings
M
Moneycontrol•09-10-2026, 10:28
Airtel Money Targets $700 Million London IPO in Major Boost for City Listings
- •Airtel Money is seeking to raise £529 million through a share sale priced at £1.96, targeting a market value of £5.3 billion.
- •The offering could become London's largest initial public offering in five years, boosting the city's efforts to attract international listings.
- •Existing investors such as the Qatar Investment Authority and Mastercard Inc. are selling shares, while Bharti Airtel International may offer additional shares.
- •Trading on the London Stock Exchange is scheduled to begin on October 9, with the company expected to join FTSE UK indexes.
- •The mobile payments firm processed $213 billion across Africa in the 12 months through June and has approximately 53 million monthly active users.
Key Questions Answered
Airtel Money is targeting a £529 million ($700 million) share sale for its existing investors at a fixed price of £1.96 per share, giving the mobile payments firm a market value of £5.3 billion.
Airtel Money is scheduled to start trading on the London Stock Exchange on October 9, with an overallotment option allowing Bharti Airtel International to sell an additional 27 million shares.
Existing investors offering shares in the deal include the Qatar Investment Authority and Mastercard Inc.
