TechCabal
Airtel Money targets $7 billion valuation in London IPO debut
Airtel Money has priced its IPO at £1.96 per share, valuing the business at $7bn ahead of its October 14 London Stock Exchange debut.
Via TechCabal
·Excerpt
Share
Share
Airtel Money has priced its London initial public offering at £1.96 ($2.59) per share, valuing the mobile money business at £5.3 billion ($7 billion) ahead of its October 14 debut, according to a regulatory filing on Thursday.
This marks the first time the market will put a public price on Airtel Africa’s fastest-growing business, after years of turning mobile money into a major part of the group’s financial story. But the $7 billion valuation is below the $8–9…
Courtesy
This story was originally published by TechCabal. All rights belong to the original publisher.
Read the original on techcabal.com ↗