Airtel Money set for £5.3bn valuation in London IPO

Summarised from 3 outlets · 5 reports · Updated 1 Oct, 09:55 · Archive

Airtel Money is set to float on the London Stock Exchange at a £5.3bn valuation.

Airtel Money, the fintech arm of telecommunications group Airtel Africa, is set to list on the London Stock Exchange at a valuation of £5.3bn. Investors will sell 270 million shares at £1.96 per share, raising around 800 million US dollars (£601 million) in what would be one of London's largest IPOs in recent years.

How it is being reported

• Airtel Money set for £5.3bn float in biggest London IPO for five yearsIndependent Business · 1 Oct, 10:09
• Airtel Money set for £5.3bn float in biggest London IPO for five yearsEvening Standard · 1 Oct, 10:09
• Airtel Money set for £5.3bn valuation in London’s biggest IPO in yearsCity AM · 1 Oct, 09:01
• Airtel Money heading for £5.3bn stock market debut after setting float priceEvening Standard · 1 Oct, 08:53
• Airtel Money heading for £5.3bn stock market debut after setting float priceIndependent Business · 1 Oct, 08:53

In this story: Airtel Money · Airtel Africa · London Stock Exchange

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