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Airtel Money's IPO Reaches GBP529 Million After Over-allotment Exercise

MT Newswires·11/09/2026 02:41:21
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02:41 AM EST, 11/09/2026 (MT Newswires) -- Airtel Mobile Commerce (AMC.L), d/b/a Airtel Money's, initial public offering reached a final size of 529.4 million pounds sterling, or 10% of its share capital, following the exercise of the over-allotment option. The mobile financial services and payments services company said Monday that Citigroup Global Markets, acting as stabilizing manager, exercised the option on 121,102 ordinary shares at an offer price of 1.96 pounds each. Mastercard Asia/Pacific will sell the shares.