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Airtel Money debuts on London Stock Exchange

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2026-10-30 09:57 UTC → 2026-11-05 18:34 UTC · added ~~removed~~

Airtel Money, the digital financial services subsidiary of Airtel Africa, has successfully transitioned from conditional trading to its debut on the London Stock Exchange (LSE) main market. Following the commencement of conditional trading in early October 2026, unconditional trading and formal admission to the FCA Official List began on October 14, 2026. The IPO, priced at a $7 billion valuation, marks the largest debut on the LSE in five years. As a secondary offering, the transaction involves the sale of a 270 million share block by Airtel Africa and existing minority shareholders to generate approximately $700 million in proceeds. Airtel Africa is expected to retain a majority stake of approximately 78 per cent, with a free float of about 16.5 per cent. Following the listing, Airtel Money reported a 25% increase in half-year revenue, reaching $830 million for the period ending in September. Pre-tax profits rose 18% year-on-year to $360 million, driven by a customer base expansion to 56.7 million users. The company also noted that the average monthly transaction value per customer increased by nearly 15% to $397. In broader results for the half year ending September 30, 2026, parent company Airtel Africa reported revenue growth of 28.2% to $3,823 million. This was supported by a 25.8% rise in mobile money revenue in constant currency. Airtel Africa’s total customer base grew 11.6% to 193.9 million, while its mobile money customers increased by 22.4% to 60.9 million. The group reported record margins, with underlying EBITDA increasing to $1,921 million and a second-quarter margin of 50.4%.

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