Quickmart IPO: Ksh15B share sale puts Ksh30B valuation to test
Originally published by People Daily — Read the original article →
Quickmart’s planned Ksh15 billion IPO is set to give investors their first opportunity to buy into one of Kenya’s largest supermarket chains, but the offer is also putting the retailer’s Ksh30 billion valuation under scrutiny. The supermarket is offering two billion existing ordinary shares at Ksh7.50 each, representing 50 per cent of its issued share […]