Airtel Money has started trading on the London Stock Exchange after its initial public offering (IPO). The deal values the mobile money business at £5.3 billion, about US$7.0 billion.
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Market snapshot: Bharti Airtel’s mobile money arm, Airtel Money, is launching its initial public offering on the London Stock Exchange, aiming for an estimated valuation of $7 billion. The transaction is a pure secondary share sale of 270 million shares priced at £1.96 each, targeting proceeds of around $703 million. Conditional trading is scheduled to…
