Trading of Kenya Pipeline Company (KPC) shares on the Nairobi Securities Exchange (NSE) is set to begin on March 10, following the conclusion of a highly subscribed Initial Public Offer (IPO). Investors who did not receive full share allocations will start receiving refunds this week.

• The IPO was oversubscribed by 105.7%, with applications for over 12.4 billion shares against the 11.8 billion offered.
• The Kenyan government, through the Treasury, announced the commencement dates.
• The IPO was priced at Ksh9 per share, making it accessible to retail investors, and the government will retain a 35% stake.