Airtel Africa's mobile money subsidiary, Airtel Money, has set an offer price of £1.96 per share, implying a market capitalisation of £5.3 billion ($7 billion) ahead of its planned listing on the London Stock Exchange on October 14. The pricing provides investors with a valuation benchmark for one of Airtel Africa's fastest-growing businesses. The listing is expected to further boost the company's profile in the financial markets.
Related Articles
Don't miss out on breaking stories and in-depth articles.