Airtel Money Plans Up to $800 Million London IPO

Written by: Team Angel OneUpdated on: 23 Sept 2026, 10:44 pm IST

Airtel Money is preparing for a London IPO that could raise around $800 million and value the business at up to $9 billion.

Airtel Money, the mobile money business of Airtel Africa, is preparing for a London listing in October. The company said it expects to disclose the price range and number of shares in early October with final pricing planned for the middle of the month.

The IPO will involve the sale of existing shares rather than the issue of new shares. Airtel Money is expected to have a free float of at least 10% after the listing.

Airtel Money Could Raise $800 Million

A source close to the matter said Airtel Money could raise around $800 million through the offering. This could value the company at between $8 billion and $9 billion.

Airtel Africa currently owns around 78% of Airtel Money. Other investors include TPG, Mastercard, the Qatar Investment Authority and Chimetech Holding.

Airtel Africa will continue to hold a stake in the business after the IPO.

IPO Comes After Earlier Delay

Airtel Money had initially planned to list in the first half of 2026 but pushed the plan to the second half of the year.

The company had cited difficult market conditions linked to the US-Israel conflict with Iran when announcing the delay.

The planned listing comes as London looks to attract more companies to its stock market after a long period of weak IPO activity.

Airtel Money Revenue Rises 38%

Airtel Money reported revenue of £399 million for the quarter ended June 30, up 38% from the year before.

The business had around 53 million monthly active users during the quarter.

For the year ending March 2027, Airtel Money expects constant-currency revenue growth in the mid-20% range, with growth expected to increase further after that.

Conclusion

The Airtel Money IPO will give investors a chance to invest directly in Airtel Africa’s mobile money business through a London listing. The company is expected to release more details on the offering in early October, followed by final pricing later in the month.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Sep 23, 2026, 5:14 PM IST

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