Airtel Money prices London IPO at £1.96 per share
Airtel Money has priced its London IPO at £1.96 per share, with reported valuations ranging from £5.3 billion to $7 billion across outlets.
What happened
Airtel Mobile Commerce N.V. (Airtel Money), a unit of Airtel Africa, has set the offer price for its initial public offering at £1.96 per share.13
The IPO is reported to value the business at £5.3 billion by one outlet and at $7 billion by two others.134
Airtel Money has set a minimum retail application of £250 per investor ahead of its planned listing on the London Stock Exchange.2
Airtel Africa said it does not expect to sell its existing Airtel Money shares in the offer, except pursuant to an over-allotment option.3
TechCabal reported the business processes more than $245 billion in annualised transactions.4
Key points
What the coverage leaves out
- None of the outlets reviewed reported investor demand or subscription levels for the offer.
- None of the outlets reviewed reported the expected listing date on the London Stock Exchange.
Sources (4)
Every outlet we drew on, grouped by where it is based. Read the originals for the full reporting.
Africa
- 1BusinessDayNGPrivate
- 2NairametricsNGPrivate
Airtel Money sets £250 minimum for retail IPO offer ahead of London listing
- 3Premium TimesNGIndependent
Airtel Money sets IPO price at £1.96 per share, targets £5.3bn valuation
- 4TechCabalNGPrivate
Airtel Money targets $7 billion valuation in London IPO debut