Airtel Africa officially announced plans to list its mobile money business, Airtel Mobile Commerce, on the London Stock Exchange. The initial public offering involves a secondary sale of existing shares. The company will not raise new capital through this transaction. Airtel Africa currently holds a 77.85% stake and will remain a long-term strategic shareholder.
The IPO targets a valuation between $8 billion and $9 billion. This listing represents one of the largest anticipated offerings in London in recent years. The move establishes a separate public profile for the fintech division. The unit serves approximately 53 million active users across 13 African markets. A detailed prospectus is expected in early October.