Airtel Money Launches on London Stock Exchange with £5.3bn Valuation

Airtel Money, the digital financial services division of Airtel Africa, has commenced conditional trading on the Main Market of the London Stock Exchange, achieving a market capitalisation of approximately £5.3bn. The company's ordinary shares began trading under the ticker symbol AMC, following an offer priced at £1.96 per share.

All shares offered are sold by existing shareholders, meaning Airtel Money will not issue new shares or raise fresh capital. Since its launch in 2011, Airtel Money has expanded its mobile money operations across 13 African countries, serving around 53 million monthly active users through over 2.3 million local agents.

The services provided include domestic and international money transfers, payments, virtual debit cards, credit, savings, investments, and insurance. Ian Ferrao, CEO of Airtel Money, stated that the listing would facilitate the company's next phase of expansion and enhance financial inclusion across the continent.

UK Business Secretary Jonathan Reynolds noted the listing reflects ongoing interest in the UK as a destination for companies seeking international capital.