Africa: Airtel Money Valued At £5.3b With IPO Price of £1.96 Per Share
Airtel Mobile Commerce N.V., the parent company of Airtel Money, has set its initial public offering price at £1.96 per share. This values the business at an estimated £5.3 billion, or $7 billion, upon its London Stock Exchange admission. The company announced the price on Thursday, October 1, following its IPO intention confirmed September 23….