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Airtel Money targets a London flotation that revives listing hopes

Airtel Money, a 78%-owned unit of FTSE 100 Airtel Africa, operates in 13 African countries and is expected to be valued between £6 billion and £7 billion.

Reported · Written up by our desk · IPOs

Airtel Money is moving toward a London listing that would mark the biggest flotation in about five years, even as market observers say it is too early to declare the end of the London listings drought. The payments business is a 78%-owned subsidiary of Airtel Africa, an established FTSE 100 company, which means the link to the parent reduces the need for investors to “discover” it from scratch.

According to the report, Airtel Money operates in 13 African countries and is expected to be worth between £6 billion and £7 billion. The write-up notes the spin-off is largely a home fixture for London, since Airtel Africa is already well-known to investors in the UK.

The article attributes London’s selection to deep capital pools and investor enthusiasm for fintech, alongside familiarity with African companies. It also emphasizes how operationally linked the businesses are, with Airtel Money growing out of Airtel Africa’s telecoms operations and aiming to convert more of the parent’s mobile customers into payments users.

The report says Airtel Money already has 53 million monthly active users, with 75 million additional potential recruits based on the telecom customer base. It frames those numbers as part of the rationale for why the listing could proceed smoothly, even if it is not yet a definitive shift in broader London market conditions.

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