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Airtel Money, the fintech arm of Bharti Airtel Ltd that operates across sub-Saharan Africa, made its London Stock Exchange (LSE) debut on Friday, marking the exchange’s largest initial public offering (IPO) in five years. The offering valued Airtel Mobile Commerce NV, the company’s formal name, at around £5.3 billion. The IPO raised approximately £529 million ($700 million) through an offer for sale (OFS), in which existing shareholders, including the Qatar Investment Authority and TPG Inc., sold 270 million shares, according to a statement released on Friday. Airtel Money began conditional trading on the LSE at an offer price of £1.96 per share. During early conditional trading, the shares touched around £2.00 before easing to approximately £1.94, slightly below the issue price. Trading remains conditional and is currently limited to investors who were allocated shares. Unconditional trading is scheduled to begin on October 14, 2026. Sunil Mittal, founder of Airtel and founder and chairman of Bharti Enterprises, said the listing builds on Bharti’s longstanding interests in the UK. “I am delighted to welcome the successful listing of Airtel Money on the London Stock Exchange. This listing is a vote of confidence in the UK as an attractive global destination for investment, with a stable business and policy environment attractive for long-term investors,” he said. Airtel Money proceeded with its IPO amid a volatile environment for new listings, with several prospective issuers in Europe and the US postponing planned offerings amid rising interest rates and geopolitical instability. To boost investor appetite, Airtel Money lowered its valuation expectations twice and opted to market its shares at a fixed price rather than the customary price range. Even so, the offering was London’s largest IPO since the boom of 2021, according to data compiled by Bloomberg. Major shareholders - Airtel Africa Plc and Mastercard Inc. - may sell an additional 27 million shares through an overallotment option following the stock’s debut under the ticker symbol “AMC.” Airtel Africa, in turn, is a subsidiary of telecommunications major Bharti Airtel Ltd, the third-most valuable company listed in Mumbai. Airtel Money operates across 13 countries in sub-Saharan Africa and has around 53 million monthly active users. It processed transactions worth $213 billion in the 12 months ended June 30, 2026, equivalent to roughly one-tenth of the region’s gross domestic product, based on World Bank data. The company reported revenue of $1.35 billion and a profit of $373 million in FY26. (With inputs from PTI and Bloomberg) Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
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