Airtel Money Targets 9B London IPO
Airtel Africa is reportedly planning a London initial public offering for its mobile money unit as early as Wednesday. The business is aiming for a valuation between eight and nine billion dollars while raising at least eight hundred million.
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AIRTEL AFRICA PLC's Airtel Money plans to file for a United Kingdom initial public offering targeting a valuation of $8 billion to $9 billion. The listing could arrive as early as Wednesday, according to people familiar with the plans. The mobile money unit aims to raise at least $800 million from investors.
