Airtel Africa Revives Mobile Money IPO at $10 Billion Valuation
Airtel Africa has revived plans for a standalone IPO of its mobile money business, targeting a $10 billion valuation. The listing would represent one of the largest liquidity events in African fintech history.
Airtel Money: $10 billion says mobile money is a bank, not a feature
Airtel Money hit $1.36 billion in revenue last year — up 36 percent in a single year, across 54 million customers.
At a $10 billion valuation, the London market would be pricing this business at roughly seven times annual revenue. That's not a telecoms multiple. That's what investors pay for a standalone financial institution with real growth.
The IPO, if it lands, is the clearest signal yet that mobile money has graduated: no longer a sideline product bundled into a phone contract, but a business worth more, potentially, than the network it was born on.
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- Airtel Africa revives mobile money IPO, targets $10bn valuation · technext24.com · T2