London’s Fintech Listing Pipeline: A Big IPO, a Long Wait and a Monzo Twist

Airtel Money is targeting a £5.3bn valuation for a London flotation that could be one of the exchange’s biggest listings in years. Its investors plan to sell 270 million shares at £1.96 each, with the offer expected later this month. For London, a substantial fintech listing would be a timely vote of confidence; for would-be issuers, it offers a visible test of investor appetite.

There is a longer-dated homegrown prospect, too: London-founded Zilch is leaning...