Airtel Africa looking to raise ​$750 m via IPO through London Stock Exchange

June 6, 2019 by  
Filed under Nigeria Stock Exchange

Airtel Africa telecommunication company is planning to go public and the company will list on the London Stock Exchange.

“The offer is targeted to raise $750 million (plus primary greenshoe option of up to 15 percent) and will be used to reduce net debt,” Bharti Airtel said in a regulatory filing.

It added that Airtel Africa intends to proceed with an initial public offering for admission and listing of its shares on the main market of the London Stock Exchange (premium segment).

Additionally, Airtel Africa is also considering listing its shares on the Nigerian Stock Exchange.

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