The record
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- Airtel Money announced plans to launch an initial public offering on the London Stock Exchange.
- The company expects to raise approximately $800 million by selling existing shares.
- This platform provides digital financial services to users across 13 markets in Africa.
- The offering aims to capitalize on demographic and digital growth trends within those African markets.
Who said what1
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Ian Ferrao
chief executive officer
1 quote · 1 outlet
“A London listing will underpin our next wave of growth. The opportunity ahead of us is substantial and importantly there are many demographic and digital tailwinds within the markets that we serve... We are approaching this from a position of financial strength. The business is debt-free, capital-light and highly cash generative, which is why this offer consists solely of shares sold by existing shareholders and no new capital is being raised.”
In the article
…and enabling financial inclusion for millions.... outlook reflects the resilience of our model and the significant opportunity we continue to unlock across Africa." AirtelMoney chief executive officer Ian Ferrao said: " A London listing will underpin our next wave of growth. The opportunity ahead of us is substantial and importantly there are many demographic and digital tailwinds within the markets that we serve... We are approaching this from a position of financial strength. The business is debt-free, capital-light and highly cash generative, which is why this offer consists solely of shares sold by existing shareholders and no new capital is being raised. "…
Coverage1
All filed from India
Named United Kingdom · India · London Stock Exchange · Airtel Money · Ian Ferrao · Sunil Bharti Mittal
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