🔴 Airtel Africa is trading 10.04% down today after Airtel Money’s reported $800 million IPO target

Airtel Africa is trading 10.04% down at £320.80 after reports that Airtel Money’s planned London IPO may raise at least $800 million, versus the previously targeted $1.5–$2 billion.

• Investors also responded to a potential Airtel Money valuation of $8–$9 billion, below the previously considered $10 billion
• The IPO could be filed as early as next week, with October trading targeted