Airtel Money, the mobile payments arm of Airtel Africa controlled by Indian billionaire Sunil Bharti Mittal, announced plans on 23 September 2026 for a flotation on the London Stock Exchange valued at approximately $9 billion, or £6–7 billion. The listing would rank as one of the largest UK IPOs in recent years, representing a spinoff of an existing subsidiary of FTSE 100-listed Airtel Africa. The company operates across 13 African countries.
Airtel Africa (AAL), the FTSE 100-listed parent from which Airtel Money is being spun off, is directly affected by the flotation as the transaction restructures its payments subsidiary into a separately listed entity on the London Stock Exchange. The London Stock Exchange itself is the venue for what Bloomberg Markets described as potentially the largest listing in the City in five years.
The filing arrives against a backdrop of recent high-profile company departures from London's public markets, which have weighed on the exchange's IPO activity. Guardian Business reported that the Airtel Money listing represents a notable addition to a market that has experienced significant attrition among major listed companies in recent years.
Sources: Guardian Business, Bloomberg Markets