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Airtel Africa to price London listing at bottom of range - bookrunner

Published 26/06/2019, 16:04
Airtel Africa to price London listing at bottom of range - bookrunner
BRTI
-

June 26 (Reuters) - Airtel Africa Ltd's IPO-AIRTA.L
planned initial public offering on the London Stock Exchange is
expected to price at 80 pence, the bottom end of its indicated
price range, one of the bookrunners handling the sale said.
Airtel Africa, a unit of India's Bharti Airtel Ltd
BRTI.NS , last week set a price range of 80 to 100 pence per
share for its IPO, which is expected to raise 595 million pounds
from the issuance of 595.2 million to 744 million new shares.
The bookrunner, which said on Monday it had received
indications of interest worth about $200 million from pre-IPO
investors, said it had further investor orders of $100
million.

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