Airtel Money has officially announced its intention to list on the London Stock Exchange, with plans to ensure that at least 10% of its shares will be in free float following the initial public offering. The digital financial services platform, which operates across 13 markets in sub-Saharan Africa, will also make its shares available for purchase by UK-based investors. This offering will involve only the sale of existing shares and will not raise new capital for the company.

Airtel Money, also known as Airtel Mobile Commerce, revealed on Wednesday that the shares to be listed will be sold by current shareholders. The company projects that its free float will stand at a minimum of 10% once the listing is completed. As part of the offering structure, the International Finance Corporation (IFC), a member of the World Bank Group, has agreed to acquire up to GBP 67.2 million (approximately USD 89.7 million) worth of shares from existing shareholders.

The company also confirmed that shares will be offered to UK residents, with full details of the offer price expected to be disclosed by mid-October. Meanwhile, Airtel Africa, the parent company holding a 77.85% stake in Airtel Money, has issued a separate statement indicating its intention to maintain a long-term ownership position in the subsidiary. Airtel Money’s operations span 13 markets in sub-Saharan Africa, a region where traditional banking infrastructure remains underdeveloped, highlighting the platform’s strategic importance in providing accessible financial services.