(Telecompaper) Airtel Africa has set a price range of GBP 0.80 to GBP 1.00 per share for its initial public offering (IPO) on the London Stock Exchange. Airtel said this implies a market capitalisation of GBP 3.01 billion to GBP 3.62 billion, excluding an over-allotment option. It said the IPO will see the company float 595.2 million to 744.0 million new shares, raising a total of GBP 595 million, including the over-allotment option.