Airtel Africa starts trading in London at $3.7 billion valuation

Airtel Africa listed on the London Stock Exchange on Friday at a 6.25% discount to its issue price, giving it a market capitalisation of $3.7 billion. With almost 100 million subscribers across 14 countries, Airtel Africa is the continent's second-largest mobile operator behind MTN Group. The company also listed its shares on the Nigerian Stock Exchange in a secondary listing.