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23.09.26 - 18:48
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Does Airtel Money mark the end of London′s listing drought? Not yet | Nils Pratley (The Guardian)
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The biggest flotation in five years was a bit of a shoo-in. Let's see what happens when overseas competition is tougherIndian billionaire's payments firm plots biggest London flotation in yearsA win is a win, but we should probably contain our excitement about the biggest flotation in London for five years. Airtel Money, a payments processor that operates in 13 African countries and should be worth between £6bn and £7bn, is a welcome addition to the stock market but it would be a stretch to say the event marks a definitive change in the weather to end the listings drought.Why? Because, in a sense, Airtel Money is already here. It is a 78%-owned subsidiary of Airtel Africa, an established FTSE 100 firm with a market value of £11.3bn ultimately controlled by Bharti Enterprises under the Indian billionaire Sunil Bharti Mittal, also known for his 25% stake in BT. Continue reading......
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23.09.26 - 13:12
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Indian billionaire′s payments firm plots biggest London flotation in years (The Guardian)
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Sunil Bharti Mittal's Airtel Money targets $9bn IPO in boost for ailing UK stock marketA payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange.Airtel Money, the mobile money arm of Airtel Africa, is planning one of the biggest UK listings in years, in a boost for the shrinking London market that has faced a string of recent departures. Continue reading......
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23.09.26 - 11:02
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Airtel Money London IPO Favored Due to Deep Capital: CEO (Bloomberg)
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Airtel Money Commerce NV has filed for an initial public offering in London because it has "deep capital available," according to Chief Executive Officer Ian Ferrao. "There's a very, very good understanding of emerging markets," he tells Bloomberg Television. "Our parent company, Airtel Africa, has been listed on the London Stock Exchange since 2019. It's had a very successful run here, and we're hoping to to replicate that success," Ferrao adds. The IPO could be the largest listing the city has seen in five years. (Source: Bloomberg)...
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