Airtel Money begins conditional trading on London Stock Exchange

Airtel Money, the digital financial services subsidiary of Airtel Africa Plc, has commenced conditional trading on the London Stock Exchange (LSE). The company is targeting a valuation of approximately £5.3 billion (USD 7 billion) at admission.

The initial public offering (IPO) involves the sale of 270 million existing shares by minority shareholders, with an additional option for up to 27 million shares from Mastercard Asia/Pacific PTE. LTD. If the overallotment is fully exercised, the total offer size is expected to reach £582 million. Following the listing, Airtel Africa is expected to retain a majority stake of roughly 78 per cent, with a free float of approximately 16.5 per cent.

Unconditional trading and admission to the Official List of the FCA are expected to begin on October 14, 2026. The IPO represents one of the largest recent listings on the LSE. Institutional investors involved in the fintech include the International Finance Corporation (IFC), which has been allocated over 34 million shares, as well as the Qatari Sovereign Wealth Fund and The Rise Fund II Aurora.