Airtel Money sets £1.96 share price for £5.3 billion London IPO

Airtel Money, the mobile payments arm of Airtel Africa, has announced an offer price of £1.96 per share for its upcoming initial public offering (IPO) on the London Stock Exchange. The listing is expected to value the fintech company at approximately £5.3 billion ($7 billion), making it one of the most significant African technology listings on a global exchange and potentially the largest London IPO in five years.

The offering aims to raise roughly $800 million (£601 million). It primarily consists of a secondary sale of 270 million existing shares, with an additional 27 million shares available through an over-allotment option. The International Finance Corporation (IFC) has committed to a cornerstone investment of up to £67.2 million.

Airtel Africa will remain a long-term strategic anchor shareholder and is not selling existing shares outside of the over-allotment option. Airtel Money serves approximately 53 million people across Africa, providing digital wallets, bill payments, and access to loans and savings.

The IPO timeline includes the close of institutional and retail offers on October 8, 2026, the commencement of conditional trading on October 9, and full admission to the market on October 14, 2026.