Airtel Money aims for $8 billion-$9 billion London IPO, FT reports
Airtel Money aims for $8 billion-$9 billion London IPO, FT reports Sept 22 (Reuters) - 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)