Airtel Money Eyes $1 Billion London IPO as Mobile Money Growth Accelerates
Airtel Money is pursuing a $1 billion IPO on the London Stock Exchange, with analysis questioning whether the exchange can deliver the valuation the unit requires. The listing plan comes as Airtel Africa's latest quarterly results showed mobile money revenue rising 25.8 percent, strengthening the unit's financial case ahead of the offering.
Airtel Money IPO: 25% growth means nothing if London misprices the story
Mobile money revenue up 25.8% is a genuinely strong number — the kind that should make investors lean forward.
But the question isn't whether the business is growing. It's whether a London exchange, full of investors who price European and American fintech comparables, can look at a business built on airtime agents in Kampala and Lusaka and arrive at a fair number.
If London undervalues it, Airtel locks in a cheap exit for the asset — and the continent's biggest mobile money story gets priced by people who've never used it.
1 source
- Airtel Money wants a $1 billion IPO. Can London deliver? · techcabal.com · T1