Earltee Money Commerce to Launch in London to Raise $800M

Ertl Money Commerce, the digital payments subsidiary of the Ertl Africa Group, intends to launch its initial public offering (IPO) on the London Stock Exchange, aiming to raise at least $800 million. This represents the largest offering in the UK over the past five years. The IPO is expected to enable current shareholders to liquidate their stakes and is considered the biggest event since 2021, with the company announcing details of the offering in early October and setting the price in mid-month. The company owns an extensive network across Africa and processes financial transactions worth $213 billion annually, with an active user base of up to 53 million people each month.

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