Airtel Money Targets $8-9 billion Valuation in London IPO

Airtel Money, the mobile-money arm of Airtel Africa, will file for an IPO on the London Stock Exchange in the second half of 2026. The secondary sale will create a free float of at least 10 % and aims to raise at least $800 million, the largest London IPO since 2021.

Airtel Money set for London IPO, seeks $800 million raise Airtel Money plans London IPO via secondary share sale London’s IPO drought could be broken by an African fintech ReutersAirtel Money confirms plans for multi-billion London IPO Airtel Money Set to File for London IPO Targeting Up to $9 Billion Valuation The Guardian

Airtel Africa selected London after reviewing other exchanges, citing the depth of capital and expertise in emerging-market fintech. London’s primary market has attracted only seven listings so far in 2026, prompting policy measures such as stamp-duty exemptions and lower free-float thresholds.

Airtel Money Aims for London IPO, Valuation at $9bn

• Monthly active users: ~53 million (June 30, 2026).

Airtel Money Plans IPO, Targets Listing on London Stock Exchange

• Revenue: $1.346 billion for the year ended March 31, 2026; $399 million in the quarter to June 30 (38 % YoY growth).

Airtel Money Plans IPO, Targets Listing on London Stock Exchange

• EBITDA: ~ $676 million (?50 % margin).

Airtel Money targets $9 billion valuation in London IPO

• Transaction volume: $213 billion processed in the 12 months to June 30, 2026.

Airtel Money Plans IPO, Targets Listing on London Stock Exchange

• Shareholding: Airtel Africa ~77.85 %; minority investors include TPG, Mastercard, Qatar Investment Authority and Chimetech Holding.

Dubai-based Airtel Money seeks London IPO, plans to float at least 10%

• The International Finance Corporation agreed to purchase up to £67.2 million of shares as a cornerstone investment.

Dubai-based Airtel Money seeks London IPO, plans to float at least 10%

Early coverage cited a $10 billion valuation and a $1.5-$2 billion raise. Later statements set the valuation range at $8-9 billion and the raise at a minimum of $800 million. Sources differ on whether $800 million is a floor or the final amount, and the prospectus has not disclosed the final price range or the exact free-float beyond the 10 % minimum.

Airtel Money reportedly scales back London IPO size

• “A London listing will underpin our next wave of growth,” — CEO Ian Ferrao

London’s IPO drought could be broken by an African fintech

• “London has not had a $1 billion-plus IPO since 2021, so the deal would undoubtedly be a positive for the exchange,” — Samuel Kerr, Mergermarket

Reuters

The flotation provides a standalone market valuation for one of Africa’s largest fintech platforms, giving investors direct exposure to digital financial inclusion across 13-14 sub-Saharan markets. A successful listing would test London’s recent policy incentives aimed at attracting large emerging-market issuers.

Airtel Money Aims for London IPO, Valuation at $9bn

The prospectus is expected in early October, with the indicative price range and share count to follow. Final pricing is slated for mid-October, subject to regulatory approval and market conditions.

Airtel Money targets $9 billion valuation in London IPO