Airtel Money sets IPO price at 1.96 pounds for London Stock Exchange debut on October 14

Airtel Money, the mobile payments arm of Airtel Africa, has announced its initial public offering on the London Stock Exchange. The company set the offer price at 1.96 pounds per share, valuing it at 5.3 billion pounds. Existing shareholders will sell 270 million shares, raising about 529 million pounds. Conditional dealing begins October 9, with full trading starting October 14. This is expected to be London's largest IPO in five years, providing a boost to the city's stock market. Airtel Money operates in Africa, offering digital wallets and processing 213 billion US dollars in transactions annually.