Airtel Money has priced its London listing at £1.96 per share, valuing the company at about $7 billion and placing it among the top fintech IPOs of the year.
The offer will see 27 crore existing shares sold by current shareholders, with an additional 2.7 crore shares available if the over‑allotment option is exercised, potentially boosting the capital raised.
Post‑listing, the free float is projected at 16.5 %, rising to 17.5 % if the full over‑allotment is taken, which will make Airtel Money eligible for inclusion in the FTSE UK indices.
Conditional trading is slated for October 9, with unconditional trading commencing on market open October 14, a timetable that dovetails with the group’s strategic rollout plan.
The listing offers investors direct exposure to Airtel Africa’s fastest‑growing mobile‑money segment, a business that has seen rapid adoption across sub‑Saharan Africa and is expected to continue expanding.
Airtel Africa will remain a long‑term strategic shareholder, pledging support for the newly‑listed entity while investors watch for the company’s first earnings report to gauge sustained growth prospects.