Quickmart IPO attracts Ksh18.41B in bids, oversubscribed by 22.7%
Originally published by People Daily — Read the original article →
The Quickmart Initial Public Offering (IPO) has attracted applications worth Ksh18.41 billion against a target of Ksh15 billion, representing an oversubscription of 22.7 per cent. The Nairobi Securities Exchange (NSE) announced the successful outcome of the offer, saying investors submitted applications exceeding the amount the retailer had sought to raise. In a statement on Friday, […]