Airtel Money sets IPO price at £1.96, values business at £5.3 billion

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Airtel Mobile Commerce N.V. has set the offer price for Airtel Money’s planned IPO at £1.96 per share. The price implies an estimated valuation of £5.3 billion ($7 billion) when the business is admitted to the London Stock Exchange.

Airtel Mobile Commerce N.V., the parent company of Airtel Money, has set the offer price for its planned initial public offering (IPO) at £1.96 per share, implying an estimated market capitalisation of £5.3 billion ($7 billion) when the company is admitted to the London Stock Exchange. The post Airtel Money sets IPO price at £1.96, values business at £5.3 billion appeared first on Nairametrics.