Airtel Money sets float price for £5.3bn London IPO, the biggest there in five years
Summary
Airtel Money, the fintech arm of the telecommunications giant Airtel Africa, set its float price on 1 October for a London stock market debut at a valuation of £5.3bn, in the biggest London IPO for five years, according to The Independent and the Evening Standard. Its investors would sell 270m shares at a price of £1.96 per share in the offer, City A.M. reported, and the group is looking to raise around 800 million US dollars (£601 million) from the IPO.
Latest: Airtel Money set its float price for a £5.3bn London debut and is looking to raise around 800 million US dollars (£601 million) from the IPO.
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How it unfolded
Thursday 1 October
Airtel Money set its float price for a £5.3bn London debut and is looking to raise around 800 million US dollars (£601 million) from the IPO.
- 05:09Evening StandardAirtel Money set for £5.3bn float in biggest London IPO for five years
- 05:09The IndependentAirtel Money set for £5.3bn float in biggest London IPO for five years
- 04:01City A.M.Airtel Money set for £5.3bn valuation in London’s biggest IPO in years
- 03:53The IndependentAirtel Money heading for £5.3bn stock market debut after setting float price