Key facts
- Airtel plans to list its mobile money business in London.
- Airtel's mobile money business could be valued at $10 billion.
- Airtel's listing is planned by the end of the year.
- Fintech firm Sumup is also considering an IPO on the London Stock Exchange.
- Sumup is targeting an early 2027 debut.
- These IPOs are seen as crucial for reviving the London Stock Exchange.
The London Stock Exchange (LSE) is poised for a potential revitalization with two significant initial public offerings (IPOs) on the horizon. Telecommunications giant Airtel is planning to list its mobile money business in London by the end of the current year. This listing is anticipated to bring a substantial valuation, potentially reaching $10 billion.
In addition to Airtel's offering, fintech firm Sumup is also considering a debut on the LSE. Sumup is reportedly eyeing an early 2027 timeframe for its listing. Both of these potential IPOs are considered crucial by market observers for their role in reviving the LSE's standing and activity.