Quickmart gets regulator’s approval to raise Ksh 15B through IPO
Originally published by KBC Digital — Read the original article →
Quick Mart PLC has received an approval from the Capital Markets Authority to raise Ksh 15 billion through Initial Public Offering with listing slated for November this year.
The retailer has opened the share sale offering 2 billion of existing ordinary shares held by Sokoni Retail Kenya Limited to investors with an offer price of Ksh 7.50 per share.
Quickmart also received approval and listing and admission to trading of its entire issued share capital of 4,000,000,000 Ordinary shares on the Main Investment Market Segment of the NSE.