Airtel Money Prices IPO at GBP1.96/Share
Airtel Money has priced its Initial Public Offering (IPO) at GBP1.96 per share.
Story updates
07:09:54 AM UTC
SquawkNews
Airtel Money, the mobile money arm of Airtel Africa LSE:AAF, on Thursday priced its IPO at £1.96 per share, giving it an estimated market valuation of £5.3 billion ($7.03 billion).($1 = 0.7540 pounds)
07:20:20 AM UTC
SquawkNews
Airtel Money, the mobile money arm of Airtel Africa LSE:AAF, set the price for its London initial public offering at £1.96 per share on Thursday, valuing the company at about £5.3 billion ($7.0 billion) ahead of its planned mid-October market debut.The company plans to sell 270 million shares in th…