Airtel Money’s IPO could raise up to $2 bln: Report
Airtel Africa Plc’s planned initial public offering of its mobile money business could raise between $1.5 billion and $2 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The listing could value Airtel Money at up to $10 billion, which would make it one of the largest IPOs on a European exchange in recent years, the report said.
Citigroup is advising on the IPO, and the company may appoint three or four additional banks, the report added.
