Airtel Africa is adding more investment banks to the syndicate for a London listing of its Airtel Money unit, with Citi leading the deal that could value the business at $10bn and raise about $1.5bn, making it the largest new flotation in London since Wise’s 2021 direct listing.

The telecoms group, chaired by Sunil Bharti Mittal, listed on the London Stock Exchange in 2019 and was the FTSE 100’s best‑performing stock last year, surging 178.7 %. Airtel Money serves 54mn customers and generated $1.35bn in revenue in 2026.

The IPO, originally targeted for 2025, was delayed by “market conditions” and geopolitical tensions that pushed Airtel away from a Middle‑East venue; the company settled on London for its international reputation and deep capital markets.

London’s public market remains subdued: only seven listings in the first half of 2026 raised £577.2mn, the bulk from a stake sale in Uzbekistan’s national investment fund.