• Home
  • Business
  • Airtel Africa Targets £5.3 Billion Valuation with £1.96 Per Share IPO
Image

Airtel Africa Targets £5.3 Billion Valuation with £1.96 Per Share IPO

Airtel Africa, one of Nigeria’s leading telecommunications companies, has announced the pricing of its Initial Public Offering (IPO), setting the price per share at £1.96. According to Premium Times Nigeria, this move is expected to value the company at approximately £5.3 billion.

However, it should be noted that Airtel Africa does not anticipate selling its existing Airtel Money shares in the offer, except under the over-allotment option. This decision could potentially impact the overall valuation of the IPO.

This development comes as part of Airtel Africa’s plans to raise funds for network expansion and other strategic initiatives. The company operates in 14 countries across Africa, including Nigeria.

The successful completion of this IPO could have significant implications for the Nigerian telecommunications sector and the broader African market. Stay tuned to EventsNigeria.com for more updates on this story.

Join the discussion

No discussion yet for this story.

Start a discussion about this

Related Posts

Untapped Manufacturing Opportunities in Nigeria Valued at Over ₦40 trillion

A new report has revealed that Nigeria has over ₦40 trillion in untapped manufacturing opportunities, with imports meeting…

ByByGist Master Oct 7, 2026

NNPC Allocates N473.8bn for Major Gas Projects as Loans to Units Reach N939bn

The Nigerian National Petroleum Company Limited (NNPC) has earmarked N473.8 billion for major gas infrastructure projects, according to…

ByByGist Master Oct 6, 2026

Electricity Discos Generate N603bn Revenue in Q2 amid Subsidy Debt Over N321bn for Federal Government

The 11 electricity distribution companies (Discos) generated a total revenue of N603.64 billion in Q2, while the federal…

ByByGist Master Oct 6, 2026

Electricity Discos’ Q2 Revenue Surges to N603bn Amidst FG’s Subsidy Debt Over N321bn

The 11 electricity Discos in Nigeria recorded a combined revenue of N603.64 billion in Q2 2026, as the…

ByByGist Master Oct 6, 2026