Kenyan Tycoon Family's Quickmart IPO Draws $142m in Bids

Quick Mart IPO Draws Strong Demand as Kenyan Listings Pick Up

Quick Mart Plc saw demand for shares in its initial public offering exceed the number available by almost 23% as Kenya’s second-biggest supermarket chain concluded the nation’s second IPO of the year.

Kenyan tycoon family's Quickmart IPO draws $142m in bids

Investors bid Sh18.4 billion for Quickmart's Sh15 billion share sale, securing a $37 million payout for the Kinuthia family that founded the chain.

Quickmart oversubscribed at 122.7%

The QuickMart Plc IPO closed oversubscribed at 122.7%, with 18,492 applications came in for 2.45 billion shares against 2 billion on offer, worth KSh 18.4illion. This is against the target of KSh 15billion at KSh 7.50 per share. Available data shows that both retail investors as well as Kenyan & East African Community institutional investors […]

Quickmart IPO oversubscribed by Sh3.4bn on foreign investor support

It received Sh18.4 billion against a targeted Sh15 billion.