Indian billionaire’s payments firm plots biggest London flotation in years
Airtel Money, the mobile payments arm of Airtel Africa, is planning a major IPO on the London Stock Exchange with a target valuation of up to $9 billion. This move is seen as a significant boost for the London market, which has recently struggled with company departures.
Why it matters
The listing represents a major capital injection for the London Stock Exchange and highlights the growing importance of African fintech in global financial markets.
Airtel Africa is already listed on the FTSE 100 but it wants Airtel Money to be listed separately. Airtel Africa is already listed on the FTSE 100 but it wants Airtel Money to be listed separately. London Stock Exchange Indian billionaire’s payments firm plots biggest London flotation in years Sunil Bharti Mittal’s Airtel Money targets $9bn IPO in boost for ailing UK stock market
Prefer the Guardian on Google A payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange .
Airtel Money, the mobile money arm of Airtel Africa, is planning one of the biggest UK listings in years, in a boost for the shrinking London market that has faced a string of recent departures .
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