Airtel Money plans biggest London IPO in five years

Summarised from 3 outlets · 6 reports · Updated 24 Sept, 23:23 · Archive

Airtel Money, an African mobile payments business controlled by an Indian billionaire, is planning to float on the London Stock Exchange at a valuation of up to $9bn.

Airtel Money, the mobile money arm of Airtel Africa controlled by Indian billionaire Sunil Bharti Mittal, has confirmed plans for a London IPO that would be the largest UK listing in five years. The African payments processor, which operates across 13 African countries, is seeking a valuation of between £6bn and £7bn ($9bn). The flotation is viewed as a potential boost for the London Stock Exchange, which has faced a string of recent departures.

How it is being reported

• Will Airtel Money kickstart London’s IPO pipeline?London’s sluggish IPO market showed signs of a rebound on Wednesday as Airtel Money confirmed plans for a bumper listing – now the City is hoping it will get the domestic pipeline moving, writes Charlie Conchie. When Airtel Money’s chief executive spoke to City AM yesterday to discuss the launch of his African payment firm’s [...]City AM · 24 Sept, 10:42
• Airtel Money boss: This is why we picked London for our floatThe boss of Airtel Money has laid out his rationale for selecting London as his chosen venue after the firm unveiled plans for a multi-billion pound IPO that could be Britain’s biggest in years. The African mobile payments business, which is controlled by Indian-owned telecoms group Airtel Africa, is reportedly seeking a valuation at as [...]City AM · 24 Sept, 01:56
• African mobile payments giant Airtel Money plots largest float on London Stock Exchange for five yearsA payments company dubbed 'Africa's Revolut' is planning the biggest listing on the UK stock market in years.This is Money · 23 Sept, 19:43
• Does Airtel Money mark the end of London’s listing drought? Not yet | Nils PratleyThe biggest flotation in five years was a bit of a shoo-in. Let’s see what happens when overseas competition is tougher Indian billionaire’s payments firm plots biggest London flotation in years A win is a win, but we should probably contain our excitement about the biggest flotation in London for five years . Airtel Money, a payments processor that operates in 13 African countries and should be worth between £6bn and £7bn, is a welcome addition to the stock market but it would be a stretch to say the event marks a definitive change in the weather to end the listings drought. Why? Because…The Guardian · 23 Sept, 17:25
• Indian billionaire’s payments firm plots biggest London flotation in yearsSunil Bharti Mittal’s Airtel Money targets $9bn IPO in boost for ailing UK stock market A payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange . Airtel Money, the mobile money arm of Airtel Africa, is planning one of the biggest UK listings in years, in a boost for the shrinking London market that has faced a string of recent departures . Continue reading...Guardian Business · 23 Sept, 12:08
• Airtel Money confirms plans for multi-billion London IPOAirtel Money has confirmed plans for a London IPO in what would mark one of the London Stock Exchange’s biggest flotations in years. The African mobile payments business, which is controlled by Indian-owned telecoms group Airtel Africa, is reportedly seeking a valuation at as high as $9bn (£6.8bn). The fintech, which operates via branches and [...]City AM · 23 Sept, 07:23

In this story: Airtel Money · Airtel Africa · Sunil Bharti Mittal · London Stock Exchange · Africa · London

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log