Airtel Money to Launch IPO on London Stock Exchange
Airtel Money has announced its intention to list shares on the London Stock Exchange through an initial public offering (IPO), marking a significant step in its growth strategy. The company operates in 13 African markets and aims to expand its customer base and digital financial services.
The IPO will consist solely of existing shares, with no new capital being raised, and is expected to have a free float of at least 10% upon admission. Ian Ferrao, CEO of Airtel Money, stated that the listing signifies a new phase for the business, which has grown to approximately 53 million monthly active users as of June 30, 2026.
The company reported a total processed value of $213 billion for the year ending June 30, 2026, with a revenue increase from $770 million to $1.08 billion in the financial year ending March 2026. Airtel Money has no external borrowings, and its capital expenditure was 3% of revenue for the same period.
Citigroup has been appointed as the lead adviser for the IPO.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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