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Airtel Africa receives pre-IPO interest worth around $200 million

June 25, 2019
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According to one of the bookrunners handling Airtel Africa Limited's planned initial public offering (IPO) on the London Stock Exchange, the company has received indications of interest worth about $200 million from pre-IPO investors.

Earlier, Airtel Africa had set a price range of 80 to 100 pence per share for its IPO.

The IPO is expected to raise £595 million from the issuance of 595.2 million to 744 million new shares.

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