Airtel Money announced the pricing of its planned London Stock Exchange IPO at £1.96 per share, roughly KSh338, which values the mobile-money unit at about £5.3 billion or KSh913.1 billion.
Existing shareholders will offer 270 million shares, representing roughly KSh46.5 billion at the set price, while an over-allotment option could add another 27 million shares worth about KSh4.65 billion.
The company itself is not slated to sell shares except through the over-allotment, and Airtel Africa will stay a long-term strategic shareholder.
The International Finance Corporation has agreed to purchase up to £67.2 million, about KSh11.58 billion, of shares from current owners under a cornerstone investment, a commitment valued at approximately $90 million or KSh11.67 billion.
Kenya, one of Airtel Africa’s 14 markets, hosts a separately incorporated Airtel Money Kenya regulated by the Central Bank of Kenya, while Airtel Networks Kenya continues as the telecom arm.
The listing aims to give the mobile-money business greater independence and could fund expansion into merchant payments, savings, lending and cross-border transfers.
Airtel Africa reported that Airtel Money served 54.1 million customers across its markets as of March 2026, processing transactions worth $196 billion (about KSh25.4 trillion) in the 2025-26 financial year and generating revenue of $1.355 billion (about KSh175.8 billion).
In Kenya the service has roughly six million users, an 11.1 per cent market share as of June 2026, and between 260,000 and 270,000 active agents.
Conditional trading of the shares is slated to start on October 9, with full admission and unrestricted trading scheduled for October 14, 2026.
Public ownership is projected at 16.5 per cent, rising to 17.5 per cent if the full over-allotment is exercised.
The flotation will provide investors with a market-based valuation of Airtel Money as a standalone financial-services entity, offering a clearer benchmark for mobile-money operations across Africa.
