Airtel Money lists on London Stock Exchange at $7bn valuation

Airtel Money began conditional trading on the London Stock Exchange under ticker AMC at £1.96 per share, valuing the company at £5.3 billion ($7bn). The IPO involves 270 million shares, with unconditional trading set for October 14. IFC invested £67.2 million. Founder Sunil Bharti Mittal cited London's stable environment as key to the listing decision.