Airtel Africa closes books on IPO

airtel_board_alamy_230x150
By Aidan Gregory, Sam Kerr
27 Jun 2019

The £540m IPO of Airtel Africa, the African division of India’s Bharti Airtel, has been priced at 80p, the bottom of the initial range, following a $100m anchor order from an existing investor, according to a source close to the transaction.

At that price, the IPO is oversubscribed and Airtel Africa will be valued at £3bn when it begins trading on the London Stock Exchange on July 3. The books are set to close on Thursday afternoon.

The source close to the transaction said that Airtel Africa had ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.