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Originally published by Capital Businessbusiness
March 4, 2026
11h ago
Govt raises Sh112bn 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 Sh112.4 billion, making it one of the largest public share sales in Kenya's history.
- Sh112.4 billion raised from the oversubscribed IPO.
- The KPC IPO, managed by the Treasury, saw a subscription rate of 105.7 percent.
- Proceeds will fund Sh26.7 billion for strategic infrastructure projects, demonstrating growing investor confidence as stated by Principal Secretary Chris Kiptoo.
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