Airtel Money targets $800m+ London sell-down at $8-9bn valuation
Bharti Airtel’s Africa-focused payments arm is planning a London Stock Exchange offer-for-sale, with Airtel Africa expected to retain a 77.85% stake. The debt-free business will not raise fresh capital; timing has not been disclosed.
What happened
Bharti Airtel’s Africa-focused fintech arm Airtel Money plans a London offer-for-sale listing that could raise at least $800 million at an $8-9 billion
Key facts
- Target fundraising: at least $800 million
- Indicative valuation: $8-9 billion
- Airtel Africa stake: 77.85%
- Monthly active users: about 53 million
- Countries served: 13
What changed
Bharti Airtel’s Africa-focused fintech arm Airtel Money plans a London offer-for-sale listing that could raise at least $800 million at an $8-9 billion valuation. The debt-free unit will not raise fresh capital, with Airtel Africa retaining a 77.85% stake.
Why this matters
Airtel Money’s planned London sell-down could sharpen its ability to fund product expansion and compete for mobile-wallet users across 13 African markets without adding balance-sheet debt.
Also reported by
- Mint — Same time