Airtel Money plans to list on the London Stock Exchange in an IPO that will see existing shareholders sell shares, with the International Finance Corporation agreeing to invest up to $90 million as a cornerstone investor.
The mobile financial services business, which operates in 13 African markets, will not raise new capital through the offer. Airtel Africa owns 77.85% of the company.
Airtel Money had 53 million monthly active customers at the end of June, while transaction value reached $213 billion in the 12 months to June. Revenue rose to $1.35 billion in the year ended March 2026 from $990 million, while EBITDA increased to $676 million from $512 million.
The company operates more than 2.3 million agents and says more than 75 million Airtel Africa subscribers across its markets are not yet Airtel Money customers, providing scope for further expansion.
A prospectus is expected in early October, with the final offer price expected in mid-October after book-building. Airtel Money expects a free float of at least 10% following the listing.
