Airtel Africa Results of the IPO of Airtel Malawi plc

telecommunications

Airtel Africa plc (LON:AAF) a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, further to its announcement on 24 December 2019, today announced the results of the Initial Public Offering (“IPO”) of its subsidiary Airtel Malawi plc on the main market of the Malawi Stock Exchange.

Airtel Africa confirmed all ordinary shares offered in the IPO have been fully subscribed. The total number of offered shares amounted to 2,200,000,000, representing 20% of shares outstanding.

The price has been set at MK 12.69 (USD 0.02) per ordinary share resulting in gross proceeds of approximately MK 27.92 billion (USD 37.5m¹).

Share on:

Latest Company News

Airtel Africa reports 25.8% revenue growth and higher interim dividend

Airtel Africa plc has announced strong half-year results for the period ended 30 September 2025, with revenue up 25.8% to $2.98 billion and EBITDA rising 33.2% to $1.45 billion, expanding margins to 48.5%.

IP Group sees revenue potential from Metsera obesity drug deal

IP Group plc has outlined potential future revenue opportunities from obesity drug candidates developed by Metsera, following Pfizer’s agreement to acquire Metsera for up to $7.3 billion.

Airtel Africa Plc announces Akhil Gupta’s retirement

Airtel Africa plc announces the upcoming retirement of non-executive director Akhil Gupta, effective July 2025, thanking him for his significant contributions.

Airtel Africa FY25 profit rebounds to $328m

Airtel Africa plc reports robust growth for FY 2025, showcasing a surge in customer numbers, mobile money subscribers, and improved financial performance.

Airtel Africa Plc appoints Cynthia Gordon as an independent non-executive director

Airtel Africa appoints Cynthia Gordon as an independent non-executive director, enhancing its board with her extensive telecommunications expertise across Africa.

IP Group Plc two quoted life sciences portfolio companies receive cash offers

IP Group plc celebrates cash offers for life sciences portfolio firms, expecting significant returns to fuel further investment and share buybacks.

    Search

    Search