Airtel Money IPO flops on London debut, LSE's largest listing in 5 years

Airtel Money, the mobile payments arm of Airtel Africa, began trading on the London Stock Exchange and quickly turned negative, marking a cold start for the LSE's largest listing in five years. CEO Ian Ferrao admitted to Bloomberg he 'had nightmares' ahead of the debut. The weak reception signals tepid investor appetite for new listings in London and may dampen future IPO momentum.