Airtel Eyes $2 Billion London IPO of Mobile Money Unit

Airtel Africa Plc’s initial public offering of its mobile money business could raise between $1.5 billion and $2 billion, according to people familiar with the matter.

London is now the most likely location for the listing of Airtel Money, the people said, asking not be identified as the information is still private. An exchange in the United Arab Emirates has previously been reported as the preferred venue, and other European venues have been considered, Bloomberg reported previously.