Airtel Money targets a 2 billion London IPO valuing its mobile payments arm at up to 10 billion

Listing could value Airtel Money up to ten billion

Airtel Money, the mobile money unit of Airtel Africa, is reportedly preparing for a London IPO that could raise $1.5 billion to $2 billion. The deal is aimed at valuing the business at as much as $10 billion, positioning it for a major role in European capital markets. London is seen as the preferred listing venue.