LondonAirtel Money will file for a London initial public offering.
It brings a mobile-money service for tens of millions of unbanked Africans to City investors.
The offering seeks $800 million at an $8-9 billion valuation through a secondary share sale, leaving Airtel Africa a long-term investor.
Airtel Money sets its price range in early October, with final pricing in mid-October.
How each outlet framed it
- Aol
- links IPO delay to geopolitical tensions (U.S.-Israeli war impact on market conditions)
Sources: Aol