Airtel Money, the cellular cash subsidiary of telecom operator Airtel Africa Plc, has begun conditional trading of its shares on the primary marketplace for listed equities on the London Stock Exchange (LSE), efficient from 9 October 2026, based on a regulatory submitting on Friday.
“The commencement of unconditional dealings in the Airtel Money shares on the London Stock Exchange is expected to occur at 8.00 a.m. on 14 October 2026,” Airtel Africa said.
It additional famous that Airtel Money’s admission to the fairness shares (business firms) class of the Official List of the FCA and to trading on the Main Market for listed securities of the London Stock Exchange will even happen on the identical date.
Earlier this month, Airtel Money set its preliminary public providing (IPO) value at £1.96 per share, concentrating on a market capitalisation of $7 billion at admission.
It additionally introduced a proposal to promote 270 million shares by way of a secondary share sale to boost round $703 million, making the IPO the most important London itemizing since Fermi Inc, a Texas-based speciality vitality infrastructure and actual property growth firm, listed its shares final September.
Airtel Africa, the mum or dad, is retaining a majority stake of roughly 78 per cent. Institutional shareholders within the fintech embrace the Qatari Sovereign Wealth Fund, Mastercard, Chimetech and The Rise Fund II Aurora.
READ ALSO: Airtel Money sets IPO price at £1.96 per share, targets £5.3bn valuation
Airtel Africa famous within the Friday assertion that it “is not selling existing Airtel Money shares in the offer and is expected to remain a long-term strategic shareholder and to support Airtel Money’s next phase of development as an independently listed business.”
Airtel Money is anticipated to have a free float – the portion of an organization’s excellent shares that’s available for commerce on the open market – of round 16.5 per cent following the itemizing.
Airtel Money shares fell under their IPO value on their LSE debut on Friday, easing to £1.93 per share in early commerce after briefly climbing to £2.
The firm offers fintech providers, together with transfers, digital banking, and invoice funds throughout 13 African nations, together with Nigeria, Tanzania, and Kenya.
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