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London is now the most likely location for the listing of Airtel Money, people said.
Airtel Money's IPO could raise between $1.5 billion and $2 billion, sources say.
KEY POINTS
- London is now the leading candidate for the Airtel Money listing, replacing UAE venues.
- The IPO could value Airtel Money at up to $10 billion, among Europe's largest recent listings.
- Airtel Money's user base surpassed 52 million, and nine-month revenue grew by 29.4% to $986 million.
- Airtel is working with Citigroup and may appoint up to four more banks for the IPO.
COMPANIES
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