Airtel Africa Plc AAF

The group is looking to raise around 800 million US dollars (£601 million) from the IPO.

SIMON MAINA/Getty Images The London Stock Exchange might be expecting its biggest listing in years, but a recovery is still in doubt. Airtel Mobile Commerce, the mobile payments arm of London-listed telecoms and financial services provider Airtel Africa, published an intention to float on the LSE on Sept. 23. The listing would allow existing investors to sell their shares, including TPG, Mastercard and the Qatar Investment Authority, which together acquired a stake in 2021 for $550 million. The

The plans to launch an initial public offering (IPO) is expected to bring about one of London’s biggest listings in recent years.

An Indian billionaire is preparing to test the London market with plans for an $8bn (£6bn) float in what will be the London Stock Exchange’s biggest listing in five years.

Airtel Africa slid around 9% after its mobile-money arm reportedly cut the size and valuation of its planned IPO following investor pushback.

Investing.com -- British and European stocks extended their losses on Friday after a tanker was hit by an unknown projectile in the Strait of Hormuz and Saudi Aramco told European refiners they will receive no crude allocations next month, deepening fears the U.S.-Iran war is tightening its grip on global oil supply.

Airtel Africa PLC (AAFRF) reports a strong Q1 with 21% revenue growth, while navigating challenges from increased fuel costs and CapEx.

European stock markets closed sharply higher on Thursday, led by gains in pharmaceutical and other defensive stocks, as easing concerns about inflation and interest rates boosted investor sentiment. Fresh reform measures announced by the German government and encouraging corporate news also supported markets.

As the UK market navigates the challenges posed by weak trade data from China, which has led to declines in major indices like the FTSE 100 and FTSE 250, investors are increasingly focused on identifying opportunities amidst global economic uncertainties. In such an environment, finding undervalued stocks becomes crucial as they may offer potential for growth despite broader market pressures.

Airtel operates in 14 sub-Saharan African countries and experienced a 10% rise in its customer base in the year to March.

Shares in the African telecoms group hit an all-time high after its Indian parent signaled it could consolidate its stake.

Airtel Africa (LON:AAF) reported what management described as an “exceptional year” for the 12 months ended March 31, 2026, driven by stronger operating momentum across mobile services and mobile money, a more stable macroeconomic and currency backdrop, and continued cost optimization. Chief Executi