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Gibson Dunn says it advised underwriters on Airtel Money’s London IPO
Gibson Dunn said it advised the underwriters on Airtel Money’s initial public offering and London Stock Exchange Main Market admission. The firm said existing shareholders sold 270 million shares at £1.96 each, generating approximately £529 million in gross proceeds, with admission taking place October 14, 2026.
Key points
- Gibson Dunn said Airtel Money received no proceeds from the offering.Gibson Dunn
- The firm said the offer price implied a market capitalization of approximately £5.3 billion.Gibson Dunn
- Gibson Dunn said the offering included an over-allotment option for up to 27 million additional existing shares.Gibson Dunn
- The firm said Ibrahim Soumrany, Chris Haynes and Steve Thierbach led its team.Gibson Dunn