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# Airtel Money announces London flotation targeting $8 billion to $9 billion valuation
- URL: https://www.theglobalbanker.com/airtel-money-announced-london-flotation-targeting-8-billion-to-9-billion-valuation/
- Published: 2026-09-23T15:07:17.000Z
- Updated: 2026-10-02T15:12:33.000Z
- Description: Airtel Money announced plans for a separate London flotation, with reports indicating an $8 billion to $9 billion valuation and roughly $800 million of existing shares to be sold in the pan-African payments business.
- Author: TGB Editorial Team
- Tags: Fintech, Africa

Airtel Money announced its intention to float separately on the London Stock Exchange. Reports said the offer could value the mobile-money business at $8 billion to $9 billion, with about $800 million of existing shares to be sold. The announcement moved the process from earlier preparations to a formal flotation milestone. Final pricing and the number of shares have not yet been set.

The business operates in 13 Sub-Saharan African countries and has about 53 million monthly active users. Customers use its network to load money onto phones, withdraw cash and access other financial services. Airtel Money generated revenue of about $1.35 billion in the year to March 2026.

#### AFRICAN PAYMENTS BUSINESS SEPARATES

Airtel Africa owns just under 78% of Airtel Money and intends to remain a long-term shareholder after the flotation. Other investors include TPG, Mastercard, Qatar Investment Authority and Chimetech Holding. Airtel Money expects a free float of at least 10% after the listing.

Airtel Money chief executive Ian Ferrao said the company evaluated exchanges in the Middle East, Europe and North America before choosing London. He cited the deep capital available in London and the market's understanding of emerging markets, specifically financial services, fintech and technology platforms. 

#### PRICING DETAILS DUE IN OCTOBER

Revenue in the quarter to 30 June rose about 39% in dollar terms, according to Airtel Africa's first-quarter figures. The proposed flotation would be one of London's largest recent listings if completed near the reported valuation range. Market conditions had previously pushed the planned transaction into the second half of 2026.

The next milestone is publication of an indicative price range and share count in early October, followed by final pricing later that month if the offer proceeds. The offer will consist solely of existing shares sold by current shareholders, with no new capital raised. Until then, the reported valuation and offer-size figures remain targets rather than completed terms.