08:24 AM EDT, 09/02/2025 (MT Newswires) -- Citigroup ( C ) has reportedly been chosen by Airtel Africa to lead a planned initial public offering of its mobile money unit, Bloomberg reported Tuesday, citing unnamed people familiar with the matter.

No final decisions have been made on the size, timing or location of the deal, Bloomberg said.

Airtel Money is expecting to be valued at more than $4 billion, Bloomberg has reported, and company officials have scheduled a meeting with investors in Dubai this week, the people familiar with the matter were quoted as saying.

Bloomberg reported a spokesperson for Airtel Africa said the company remains committed to listing its mobile money business in the first half of 2026.

Citigroup ( C ) and Airtel Africa didn't immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)