6 hrs ago
Airtel Money Plans London IPO Without Fresh Capital
Airtel Money is a company that helps people in Africa send, receive and manage money using mobile phones.
It plans to sell some existing shares on the London Stock Exchange.
The company itself will not receive new money from this share sale.
About 53 million people use Airtel Money each month across 13 African countries.
Customers can transfer money, pay bills, make purchases, save, borrow and use insurance services.
Airtel Africa owns most of the company and plans to remain a long-term shareholder.
The International Finance Corporation may buy up to about $90 million of shares.
The company expects to publish more details in October.
Its listing could also help London attract more large international companies.
Airtel Money plans to list existing shares on the London Stock Exchange, with no new capital raised by the company.
The offering is expected to place at least 10% of Airtel Money’s shares in public hands.
The International Finance Corporation has agreed to buy up to £67.2 million, or about $90 million, of existing shares.
Airtel Money serves about 53 million monthly active users across 13 African markets and reported FY26 revenue of $1.35 billion.
The prospectus is expected in early October, with the final offer price expected in mid-October; the company has not disclosed the offer size or valuation.
- Who
- Airtel Money, majority-owned by Airtel Africa and ultimately associated with Bharti Airtel, alongside existing shareholders and the International Finance Corporation.
- What
- Airtel Money plans an IPO consisting only of shares sold by existing shareholders, without raising fresh capital for the company.
- Where
- The shares are planned to be listed on the London Stock Exchange, with shares also offered to UK residents.
- When
- The prospectus is expected in early October, and the final offer price is expected in mid-October; the articles do not state a final trading date.
- Why
- Airtel Money said the listing would support its next phase of growth, while London is seeking to attract more major IPOs. Airtel Africa’s existing London listing also gives investors familiarity with the business and its emerging-market operations.
Key facts
- Monthly active users
- About 53 million as of June 30, 2026
- Operating markets
- 13 African markets
- FY26 revenue
- $1.35 billion
- Total processed value
- $213 billion in the 12 months ended June 2026
- Airtel Africa ownership
- 77.85% of Airtel Money
- IFC investment
- Up to £67.2 million, or about $90 million, in existing shares
- Expected public free float
- At least 10% of shares
Quotes
Ian Ferrao
CEO of Airtel Money
“In just over a decade we have grown into one of Africa’s largest fintech platforms, built upon a scalable technology stack and an agent network that delivers essential financial services to approximately 53 million users every month”
financialexpress.com
“We are approaching this from a position of financial strength. The business is debt-free, capital-light and highly cash generative”
financialexpress.com
Sources
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