Airtel Money sees sales jump by a quarter after gaining millions more customers The payments firm reported revenues of 830 million US dollars (£621 million) for the six months to the end of September. Evening Standard · Oct 26
Airtel Money slips from float price as unconditional trading starts Earlier this month, the company launched its Initial Public Offering at a roughly £5.3 billion valuation. Evening Standard · Oct 14
Sunil Bharti Mittal is prowling for big kill on his African safari Airtel Money’s London listing has put a roughly $7 billion valuation on Sunil Bharti Mittal’s African fintech bet, highlighting how far the business has moved beyond basic mobile wallets. With more than 54 million customers and growing revenues, the next challenge is to deepen usage across payments, remittances, credit, savings… The Economic Times · Oct 10
Airtel Money makes London debut after raising $703 million in biggest IPO of the year Airtel Money has made its debut on the London Stock Exchange after a significant IPO process. The offer price was set at £1.96 per share, with trading beginning conditionally. Initial trading reflected a slight increase as shares were valued at about £2.00 before easing. Bharti Airtel holds a significant stake… The Economic Times · Oct 9
Boost for London Stock Exchange as new firm launches biggest IPO in five years Airtel Money is a rapidly growing payments firm out of Africa The Independent UK · Oct 9
Airtel Money kicks off £5.3bn IPO in biggest London float for five years The group saw shares rise as much as £2 each from an initial price set at £1.96 in conditional trading, before the stock later eased back. Evening Standard · Oct 9
Airtel Money set for £5.3bn float in biggest London IPO for five years The group is looking to raise around 800 million US dollars (£601 million) from the IPO. The Independent UK · Oct 1
Does Airtel Money mark the end of London’s listing drought? Not yet The biggest flotation in five years was a bit of a shoo-in. Let’s see what happens when overseas competition is tougher The Guardian - UK · Sep 23
Indian billionaire’s payments firm plots biggest London flotation in years Sunil Bharti Mittal’s Airtel Money targets $9bn IPO in boost for ailing UK stock market The Guardian - UK · Sep 23
African payments firm Airtel Money plots debut on London stock market The plans to launch an initial public offering (IPO) is expected to bring about one of London’s biggest listings in recent years. The Independent UK · Sep 23
FTSE 100 slides as bond yields resume upward path Bond yields climbed on Friday as investors continue to weigh the fallout from central bank interest rate decisions and high energy prices. Evening Standard · Sep 18
Bharti Airtel shares in focus as NBFC Airtel Money commences commercial operations after RBI nod Bharti Airtel shares will be in focus after its NBFC arm, Airtel Money, commenced commercial operations following RBI approval. The development comes as Nomura reaffirmed its bullish stance on the telecom major, raising its target price to Rs 2,355 per share. Despite a 34% drop in Q4 profit, Airtel reported… The Economic Times · Jul 2
10 reasons why Nomura stays bullish on Bharti Airtel, sees 28% upside Nomura has named Bharti Airtel its top telecom pick, raising its target price to Rs 2,355 and calling it an 'ARPU compounder'. The brokerage highlighted the company's strong free cash flow generation, potential tariff hikes, and growth in its data centers, Airtel Money, and African businesses. The Economic Times · Jun 30