IFLR1000

Airtel Africa LSE IPO

10/7/2019
IPO
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£ 600 million

$ 750 million

Completed

10/7/2019

Overview:

  • Telecommunications company Airtel Africa has undertaken its IPO on the LSE, raising £600 million.
  • Airtel Africa is the first company to list on both the premium segment of the London Stock Exchange and on the Nigerian Stock Exchange.
  • The telecommunications and mobile money services company is present in 14 African countries and has a capitalisation of approximately £3 billion.
  • The company is indirectly controlled by India's largest mobile services company, Bharti Airtel.

Laura Mendes - Researcher

Jurisdictions:

Nigeria
United Kingdom

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing laws:

England and Wales
Nigeria

Industry sector:

Technology and telecommunications

Firms:
Linklaters

Party: JP Morgan (Joint bookrunner, Joint Global Co-ordinator, Sole sponsor)

Party: Bank of America (Joint global coordinator, Joint bookrunner)

Party: Barclays (Joint bookrunner)

Party: Goldman Sachs (Syndicate of banks)

Party: Citi (Joint global coordinator, Joint bookrunner)

Lawyer: Pam Shores

Olaniwun Ajayi

Party: Barclays Securities Nigeria (Joint bookrunner)

Party: Quantum Zenith Capital & Investment (Manager)

Lawyers: Konyin Ajayi, Yewande Senbore

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