Airtel Money IPO in London

Airtel Africa is exploring an initial public offering (IPO) for its mobile money business, Bharti Airtel — Airtel Payments Bank, which could raise between $1.5 billion and $2 billion. The listing is expected to value Bharti Airtel — Airtel Payments Bank at up to $10 billion, positioning it as one of the largest IPOs on a European exchange in recent years. United Kingdom — London has emerged as the most likely venue for the listing, although other European and United Arab Emirates exchanges were considered. Airtel Africa, largely owned by Sunil Mittal's Bharti Enterprises, has been planning this IPO for years due to Bharti Airtel — Airtel Payments Bank's rapid growth, with revenues increasing by 29.4% to $986 million and users exceeding 52 million. Citigroup is advising on the IPO, with additional banks expected to be appointed. International investors in Bharti Airtel — Airtel Payments Bank include TPG Inc., Mastercard, and an affiliate of Qatar Investment Authority. The company is committed to listing by mid-2026, though the timeline is tight.