Airtel Money Shares Rise in London Debut, Valuation Falls Short

Shares of Airtel Money, a digital financial-services platform operating in Africa, opened higher on their first day of trading on the London Stock Exchange. However, the company's valuation fell short of its initial target, estimated to be between $8 billion and $9 billion.

Airtel Money's stock began trading on the exchange, marking a significant milestone for the company. Despite the positive start in share price, the market's assessment of the company's worth did not reach the anticipated figures. The precise valuation at market close was reported to be around $7 billion.