Kenya Pipeline Company IPO extended by three working days

The Kenya Pipeline Company’s IPO has been extended by three days following approval by the Capital Markets Authority...

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The Kenya Pipeline Company's (KPC) initial public offering (IPO) has been extended by three working days, following approval from the Capital Markets Authority. Originally set to close on Thursday, the offer will now conclude on February 24.

The government aims to raise Sh106 billion from the sale of 11.8 billion KPC shares at Sh9 per share.
The extension was due to requests from retail investors for more time to participate, as stated by acting Privatisation Authority Managing Director Janerose Omondi.
Allocation results will be announced on March 4, with shares listing and trading at the Nairobi Securities Exchange commencing on March 9.

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