Airtel Africa sets IPO price at Rs 80 pence per share

NEW DELHI: Airtel Africa has set the price of its IPO at 80 pence (NGN 363) per share, taking the market capitalisation of the company to approximately $3.9 billion or £3.1billion upon the completion of offer.

The company said that the offer was oversubscribed with strong interest from global investors across United Kingdom, United States, Africa, Europe, Middle East and Asia.