Airtel Nigeria is projected to be listed in London and Lagos at upper market cap of $4.55 billion. That is a little lower than $5 billion that was reported few weeks ago. Interestingly, MTN Nigeria Plc alone is worth now $8.7 billion using official exchange rate.
The company said the price range values it between 3.01 billion pounds and 3.62 billion pounds at the price range.
Airtel Africa also said it intends to list its shares on the Nigerian Stock Exchange at the same time as the London listing.
The company said conditional dealings in its shares are expected to begin on or around June 28 and the final pricing will be announced the same day.