State eyes Sh106b in Kenya Pipeline IPO

For less than Sh1,000, you can now own a piece of Kenya Pipeline Company whose Initial Public Offering was unveiled by the Treasury CS Mbadi...

✨ Key Highlights

The Kenyan government is seeking to raise Sh106 billion through the Initial Public Offering (IPO) of the Kenya Pipeline Company (KPC), which was launched on Monday by National Treasury Cabinet Secretary John Mbadi. Individuals can now own a piece of KPC for less than Sh1,000.

Targeted Amount: Sh106 billion
Company: Kenya Pipeline Company (KPC)
Key Figure: National Treasury Cabinet Secretary John Mbadi
Minimum Investment: Less than Sh1,000

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article

Related News

17h ago

Kenya Pipeline IPO launches as State eyes Sh106b

The Kenya Pipeline Company (KPC) has launched its Initial Public Offering (IPO), with the National Treasury aiming to raise Sh106 billion. Individuals can now own a stake in KPC for less than Sh1,000.

The Standard Business

📰 Read Full Story

1w ago

Firms in Kenya Pipeline IPO to pocket over Sh200m

The sale of the Kenya Pipeline Company (KPC) via an Initial Public Offering (IPO) at the Nairobi Securities Exchange (NSE) is underway. Consultancy firms involved in the sale are beginning work on what is expected to be the largest regional IPO since Safaricom's listing in 2008.

The Standard Business

📰 Read Full Story

business8h ago

Kenya Pipeline Company employees offered 590mn shares in IPO listing

The Kenya Pipeline Company (KPC) has allocated 590.6 million shares to its employees and 1.8 billion shares to Oil Marketing Companies (OMCs) in its Initial Public Offering (IPO), representing a combined 20 percent of the total public offer. The remaining 80 percent is evenly distributed among various investor categories.

Capital Business

📰 Read Full Story