The Aporia
Airtel Money, an African payments firm used by 53 million people across 13 countries in sub-Saharan Africa, is planning its debut on the London Stock Exchange. This subsidiary of Airtel Africa, a telecoms provider part of the Indian conglomerate Bharti Enterprises, aims to raise around $800 million (£601 million) through an initial public offering (IPO). Airtel Money, which generated revenues of approximately $1.4 billion (£1.1 billion) last year, operates through a network of branches and kiosks for mobile money transactions. The London IPO is expected to be one of the largest in recent years, potentially valuing the firm at between £6 billion and £7 billion, which would provide a significant boost to London's stock market after several years of fewer listings.