Airtel Money IPO priced at £1.96/share, targeting £5.3bn valuation

Airtel Africa has set the IPO price for its fintech subsidiary Airtel Money at £1.96 per share, implying a valuation of £5.3bn. The parent company will not sell existing shares except via over-allotment, indicating a primary raise. This marks a significant listing for African fintech and could signal investor appetite for emerging-market digital financial services.