Quickmart IPO Attracts Sh7.12 Billion Investor Commitments
Originally published by Kahawatungu — Read the original article →
Quickmart PLC has attracted investor commitments of up to Sh7.12 billion from four institutional investors for its initial public offering (IPO), representing 47.5 per cent of the Sh15 billion offer.
The commitments comprise applications worth Sh5.18 billion from MOBILIST, RWC Asset Management LLP and 337 Frontier Capital, alongside a conditional commitment of up to Sh1.94 billion from the International Finance Corporation (IFC), subject to approval by its board.
MOBILIST has applied to invest Sh1.94 billion, while RWC Asset Management has applied for Sh1.3 billion and 337 Frontier Capital for Sh1.94 billion.