The biggest flotation in five years was a bit of a shoo-in. Let’s see what happens when overseas competition is tougher
Indian billionaire’s payments firm plots biggest London flotation in years
A 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.
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Source link : https://www.theguardian.com/business/nils-pratley-on-finance/2026/sep/23/airtel-money-london-stock-exchange-listing-drought
Author : Nils Pratley
Publish date : 2026-09-23 16:25:00
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