Key facts
- Airtel Money is preparing for an initial public offering (IPO) in London.
- The company is aiming for a valuation of £5.3 billion.
- This IPO could be one of the largest in London in recent years.
Airtel Money is reportedly preparing for a significant initial public offering (IPO) in London, with the company targeting a valuation of £5.3 billion. This potential listing would represent one of the largest IPOs in the UK in recent years.
This news comes as other companies, including The Hut Group, have also announced their intentions to list. The Hut Group confirmed its IPO offer price at 500p per share, valuing the online health and beauty group at £5.4 billion. This valuation surpasses that of established FTSE 100 constituents like Rightmove (£5.3bn) and Morrison’s (£4.5bn), as well as online retailer ASOS (£4.6bn).