Kenya Pipeline IPO shares to be allocated pro rata, advisor says

Allocation of shares in the Kenya Pipeline Company IPO will be on a pro rata basis, meaning that late bidders will still have a chance to receive shares...

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Shares in the Kenya Pipeline Company (KPC) Initial Public Offering (IPO) will be allocated on a pro rata basis, meaning all bidders, including latecomers, will have an equal chance to receive shares. This announcement addresses concerns that early applicants might have an advantage.

The share allocation for the KPC IPO will be pro rata.
Dr. Kenne Belgrade of Faida Investment Bank is the lead transactional adviser for the deal.
The one-month IPO period is designed to allow purchasers time to arrange financing.