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.