Airtel Money has set the price for its London initial public offering at £1.96 per share, valuing the mobile money business at £5.3 billion, or approximately $7 billion, ahead of its planned debut on the London Stock Exchange on October 14, 2026.
The valuation is below the $8 billion to $9 billion range previously reported when the IPO was announced, but the listing will give public investors a direct market valuation for one of Airtel Africa’s fastest growing businesses.
The Brandspur Banking News Desk reports that Airtel Money plans to sell 270 million existing shares through the offer, which is expected to generate £529.2 million, equivalent to about $698.54 million, before any additional shares are sold under an over allotment option.
The transaction is structured largely as a sale by existing shareholders rather than a fundraising exercise for Airtel Africa or Airtel Money. Airtel Africa is not expected to sell its existing shares in the base offer and intends to remain a long term strategic shareholder as the mobile money business operates as an independently listed company.
An additional 27 million shares could be made available if the over allotment option is fully exercised. If that happens, the proportion of Airtel Money shares available to public investors would rise to about 17.5 per cent, from an expected 16.5 per cent after the initial offering.
The company expects the resulting free float to qualify Airtel Money for inclusion in FTSE UK indices, potentially giving the business additional visibility among institutional investors tracking those benchmarks.
The IPO also puts a public market value on a business that has become increasingly significant to Airtel Africa. As of June 2026, Airtel Money had 56.5 million customers and was processing transactions at an annualised value of $245 billion.
The business generated quarterly revenue of $404 million during the period, underscoring the scale of its mobile financial services operations across Airtel Africa’s markets.
The planned listing is expected to be London’s largest IPO since Fermi’s dual listing in September 2025, based on Reuters data from Dealogic. The base transaction is nevertheless smaller than the roughly $800 million offering that had earlier been anticipated.
Among the shareholders selling stakes are minority investors including TPG backed Rise Fund II Aurora, Qatar Holding, Mastercard and Chimetech.
For Airtel Africa, the transaction provides a separate public market reference for its mobile money operation while allowing the parent company to retain its strategic interest in the business. Airtel Money’s shares are expected to begin trading on the main market of the London Stock Exchange on October 14.
