Earltr Money Secures $703M in Major London Fundraiser

Ertl Money, a fintech company specializing in Africa south of the Sahara, announced an initial public offering (IPO) on the London Stock Exchange, raising $703 million by selling 270 million shares at a price of 1.96 GBP per share. The company's shares began trading at a price above the offering price, with an estimated valuation of $7 billion, making it one of the largest listings in London since September 2023. This listing comes amid a general slowdown in new offerings due to rising interest rates and geopolitical uncertainty, as Britain endeavors to ease listing requirements to attract more companies.

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