×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Airtel Africa quoted down 10 per cent in pre-market bids after debut listing

Airtel Africa shares fell 10 per cent to 359.40 naira in pre-market bids on Wednesday after its debut $4.4 billion stock market listing on the Lagos bourse a day earlier.

The telecoms company, owned by India’s Bharti Airtel, listed in Lagos on Tuesday in an offering that made it the third-largest company on the exchange by market value behind main rival MTN Nigeria and Dangote Cement.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in