Airtel Money sets IPO price at £1.96 per share, targets £5.3bn valuation

Airtel Money has priced its initial public offering at £1.96 a share, aiming for a valuation of £5.3 billion. Airtel Africa says it plans to retain its existing shares, with a possible exception under an option allowing additional shares to be sold. The planned listing marks a significant capital-market milestone for an African mobile-money business and highlights the sector’s relevance to investors in Africa and the diaspora.

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