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BusinessActive · 35h

Airtel Money files for London IPO, targeting $800M raise

African payments firm seeks listing on LSE, aiming for $8–9B valuation in one of the City's largest offerings in years.

newest coverage 12h agosummary written 17h ago14 pieces1 likes & upvotes NewswiresMastodonBlueskyGoogle News

What to know

  • Airtel Money, which serves 53 million users across Africa, is seeking London listing at $8–9B valuation with $800M target raise, positioning itself as the first major African fintech on a global stock exchange.
  • The IPO would rank among London's largest in years, addressing a drought in major listings and reinforcing the City's appeal to emerging-market firms.
  • CEO Ferrao cited London's concentration of institutional capital and proven expertise in emerging-market businesses as decisive factors in choosing the LSE over other venues.
  • Parent company Airtel Africa's successful LSE listing since 2019 provided a template for subsidiary's market entry.

“This could potentially be one of the largest ever IPOs from an African company perspective.”

Ian Ferrao, Airtel Money CEO · Evening Standard ↗

Airtel Money Mobile payments firm seeking IPO listingIan Ferrao Airtel Money CEOAirtel Africa Parent company, telecoms and fintech holding

Airtel Money files for London IPO, targeting $800M raise
Evening Standard

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

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4 PMyesterday8 AM4 PMnow · 12:59 AM ET
  1. 2

    CEO cites LSE's emerging-markets expertise and parent company's track record

    In remarks to Bloomberg Television, CEO Ian Ferrao emphasized London's deep capital pools and strong understanding of emerging-market businesses. He noted that parent company Airtel Africa has been successfully listed on the LSE since 2019.

    “There's a very, very good understanding of emerging markets. Our parent company, Airtel Africa, has been listed on the London Stock Exchange since 2019. It's had a very successful run here.”
    — Ian Ferrao
    1. 1 outlet Airtel Money London IPO Favored Due to Deep Capital: CEO

      first by Bloomberg Tech, 20h ago

    • fintoolbox.app

      Airtel Money Commerce NV has filed for an IPO in London, citing deep capital availability and strong emerging markets expertise. CEO Ian Ferrao notes parent Airtel Africa's successful LSE run since 2019. The listing could be London's largest in five years. #Stocks 🗞️ bloomberg.com

      fintoolbox.appBluesky19h agoview on Bluesky ↗
  2. 1

    Airtel Money files for London IPO

    Airtel Money, the mobile payments arm of Airtel Africa, announced plans to list on the London Stock Exchange. The company is targeting roughly $800 million in proceeds at a valuation between $8 and $9 billion.

    “We chose London because, to be honest, there's deep capital available in the City. All the global institutional investors are here.”
    — Ian Ferrao

    1. 2 outlets first by Bloomberg Markets, 22h ago · also Evening Standard · read ↗

    2. 1 outlet Airtel Money IPO is massive boost for UK stock market

      first by Interactive Investor, 12h ago

    • Airtel Money plans one of London’s largest IPOs in years https://www. investing.com/news/stock-marke t-news/airtel-money-plans-one-of-londons-largest-ipos-in-years-4912570?utm_source=flipboard&utm_medium=activitypub Posted into Stock Markets @ stock-markets-Investingdotcom

      Investingdotcom@flipboard.comMastodon1d agoview on Mastodon ↗

Also covered reported alongside — the timeline has no entry for these yet

  1. 3 outlets Indian billionaire’s payments firm plots biggest London flotation in years

    first by Guardian, 17h ago · also Guardian Business, Guardian Africa

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