The Newshound

Airtel Money plans £6.7bn London Stock Exchange float in biggest IPO the City has seen for five years

From the Newshound archive · first published 23 September 2026.

The City of London, where Airtel Money's planned stock market listing would rank as the biggest float in five years.
The City of London, where Airtel Money's planned stock market listing would rank as the biggest float in five years.

African mobile payments giant Airtel Money has announced plans to list on the London Stock Exchange at a valuation of up to £6.7bn, in what would be London's largest IPO since fintech Wise floated in 2021. The company, ultimately controlled by Indian billionaire Sunil Bharti Mittal, serves 53 million monthly active users across 13 sub-Saharan African countries. A prospectus is expected in early October, with a final offer price due in mid-October after book-building.

Airtel Money plans to raise around $800m from the float, with only existing shares sold — no new capital will be raised.

The listing is a rare boost for a struggling London market that has lost a string of companies to New York, with just seven firms listing in London this year raising a combined £577m.

The International Finance Corporation has signed a cornerstone agreement with Airtel Money ahead of the IPO, signalling institutional confidence in the float.

MoreDaily MailMobile payments giant Airtel Money plots London Stock Exchange floatThe GuardianIndian billionaire’s payments firm plots biggest London flotation in yearsThe TimesLondon exchange set for biggest IPO in five yearsEvening StandardAfrican payments firm Airtel Money plots debut on London stock marketCity A.M.Airtel Money confirms plans for multi-billion London IPOBloomberg.comMobile Payments Firm Airtel Money Announces Plans for London IPO - Bloomberg.comTecheconomyAirtel Money Plans IPO, Targets Listing on London Stock Exchange - TecheconomyNairametricsAirtel Money announces IPO plans, targets London Stock Exchange listing
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