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Airtel Money aims for $8 billion-$9 billion London IPO, FT reports

Airtel Money aims for $8 billion-$9 billion London IPO, FT reports

- Airtel Africa's AAF.L Airtel Money is expected to file paperwork for its initial public offering to the London Stock Exchange as soon as Wednesday, aiming for a valuation of $8 billion to $9 billion, the Financial Times reported on Tuesday, citing two people briefed on the plans.

The company is looking to raise at least $800 million from investors, the report said.

Reuters could not immediately verify the report.


(Reporting by Sathvi G Bhat in Bengaluru; Editing by Shreya Biswas)

((Sathvi.GBhat@thomsonreuters.com))

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