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Airtel Money London IPO: Mobile Payments Firm Targets USD 9 Billion Valuation

Airtel Money London IPO: Mobile Payments Firm Targets USD 9 Billion Valuation
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Airtel Money Plans London IPO

Airtel Money Plans London IPO

Airtel Money, the mobile-money business of Airtel Africa, is preparing to list on the London Stock Exchange. The proposed initial public offering will involve existing shareholders selling their shares. Airtel Money itself will not raise fresh capital through the transaction. The company expects the listing to mark its next growth phase.

USD 8-9 Billion Valuation Target

USD 8-9 Billion Valuation Target

The proposed listing could value Airtel Money at between USD 8 billion and USD 9 billion, according to reports. The offering could raise around USD 800 million for existing shareholders if the reported deal size materialises. However, Airtel Money has not yet disclosed the final offer size or indicative price range.

Airtel Africa to Remain Major Shareholder

Airtel Africa to Remain Major Shareholder

Airtel Africa currently owns 77.85% of Airtel Money and plans to remain a long-term strategic shareholder after the listing. Other shareholders include TPG, Mastercard, Qatar Investment Authority and Chimetech Holding. Airtel Money expects at least 10% of its shares to form the public free float following the IPO.

53 Million Monthly Active Users

53 Million Monthly Active Users

Airtel Money operates across 13 African markets and had around 53 million monthly active users as of June 2026. Its total processed transaction value reached USD 213 billion in the 12 months to June. Revenue stood at USD 1.35 billion for the financial year ended March 2026.

IFC Commits Up to USD 90 Million

IFC Commits Up to USD 90 Million

The International Finance Corporation has agreed to purchase up to £67.2 million, or approximately USD 90 million, of Airtel Money shares from existing shareholders. The investment will be made at the final offer price, subject to customary conditions. The transaction gives IFC a cornerstone position in the proposed listing.

IPO Details Expected in October

IPO Details Expected in October

Airtel Money is expected to publish its prospectus in early October. The document will provide details on the indicative price range and number of shares offered. Final pricing is expected in mid-October following the book-building process. The company previously postponed its planned first-half 2026 listing.

London Listing Could Boost Airtel Money Profile

London Listing Could Boost Airtel Money Profile

The proposed IPO would give Airtel Money a standalone public-market valuation and access to international investors. Airtel Money CEO Ian Ferrao said London offers deep capital and a familiar investor base. Airtel Africa will continue supporting the business as it transitions into an independently listed company.

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