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Airtel Money Sets London IPO Price at GBP 1.96 Per Share

In a significant move for the fintech sector, Airtel Money has announced the pricing for its highly anticipated Initial Public Offering (IPO) on the London Stock Exchange. The company has set its share price at GBP 1.96, a valuation that places its estimated market capitalization at approximately GBP 5.3 billion (USD 7 billion) upon admission.

Strategic Listing on the London Main Market

Following an initial announcement on September 23, 2026, Airtel Africa has confirmed the specific valuation details for its subsidiary, Airtel Mobile Commerce N.V. The company is seeking to list its ordinary shares within the commercial companies category of the Official List of the Financial Conduct Authority. This strategic move aims to secure a spot on the Main Market of the London Stock Exchange, with admission expected to take place on October 14, 2026.

As part of this public transaction, existing shareholders have arranged to sell a total of 270,000,000 shares. However, there is a provision for an additional sale of up to 27,000,000 shares through an over-allotment option, which could increase the total number of shares sold to the public.

Long-Term Commitment from Airtel Africa

Despite the sale of shares, the parent company, Airtel Africa, has reaffirmed its dedication to the venture. The company stated that it does not intend to sell any existing Airtel Money shares during the offer, except for the potential over-allotment option. Instead, Airtel Africa plans to remain a long-term strategic shareholder, providing support as Airtel Money transitions into its next phase as an independently listed entity.

Targeting FTSE UK Index Inclusion

The IPO structure is designed to ensure a healthy public float. Based on preliminary indications, the company estimates that roughly 16.5 per cent of Airtel Money's issued ordinary share capital will be held by the public, assuming no over-allotment occurs. If the full over-allotment option is exercised, this public float would rise to approximately 17.5 per cent.

This level of liquidity is significant for investors, as Airtel Money anticipates that its free float will meet the requirements for inclusion in the FTSE UK indices. Detailed information regarding the offer is expected to be released via a formal prospectus, which will be accessible through the company's official website following standard regulatory procedures.