Govt raises Sh106.28bn from oversubscribed KPC IPO

The IPO offered 11.81 billion shares at Sh9 each, and the positive response from investors pushed total applications to 12.49 billion shares, giving the IPO a subscription rate of 105.7 percent. Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Kenya Pipeline Company (KPC) Initial Public Offer (IPO) has successfully raised Sh106.29 billion, marking it as one of the largest public share sales in Kenya's history.

The IPO was oversubscribed by 105.7 percent, with applications reaching 12.49 billion shares against the 11.81 billion offered.
Treasury Principal Secretary Chris Kiptoo highlighted the strong investor confidence in the Kenyan capital markets.
Proceeds will be channeled through the National Infrastructure Fund to finance strategic infrastructure projects, including highways and energy systems.

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