Airtel Money, the mobile money arm of Airtel Africa, is preparing for a potential initial public offering (IPO) in London and is expected to file paperwork as early as this week, according to multiple reports. The planned listing would be among the largest London offerings in recent years, in a market that has seen fewer new listings.
While all outlets describe the same broad plan—seeking to take Airtel Money public in London—coverage differs on timing and deal size estimates. Bloomberg and Business Line report that the filing is for a potential IPO, with Bloomberg noting it could be one of the City’s largest offerings in years. NDTV and The Financial Times cite an expected fundraising level of about $800 million, with NDTV adding that this is lower than an earlier target reported earlier this year. The Financial Times also links the filing to an indicative valuation range of about $8 billion to $9 billion.
The reports also frame the expected listing differently in terms of relative size: NDTV says it would be the largest UK offering since 2021, while Business Line and The Independent emphasize its significance for London’s IPO pipeline.
