Quickmart Launches IPO, Announces Price per Share as It Eyes KSh 15 Billion

Quickmart gets regulator’s approval to raise Ksh 15B through IPO

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…

Quickmart heads to the NSE at KES 7.50 a share with a KES 30 billion valuation and Adenia retaining 50%

Quickmart has priced its NSE IPO at KES 7.50 per share, putting a KES 30 billion implied equity value on the supermarket chain as it prepares to move from private ownership into public trading. The offer covers 2 billion existing ordinary shares, representing 50% of Quickmart’s issued share capital, and will run from October 5 …

Quickmart IPO Could Mint Six Shilling Billionaires as Founders and Investors Unlock KES15bn in Value

Quickmart’s planned listing could crystallise billions of shillings in value for the entrepreneurs, investors and executives behind one of Kenya’s fastest-growing supermarket chains. The retailer has priced its initial public offering at KES7.50 per share, valuing the company at KES30 billion. Under the offer, two billion existing shares—representing 50% of Quickmart—are being offered for sale, potentially raising KES15 billion if fully subscrib…

Quickmart launches IPO, announces price per share as it eyes KSh 15 billion

Quickmart’s KSh 7.50 IPO values the supermarket chain at KSh 30 billion ahead of its NSE debut, with retail access from KSh 3,750 and IFC conditional backing.

Quickmart Prices Its NSE IPO at KES 7.50

Quickmart PLC opened its initial public offering selling 2 billion shares at KES 7.50 each. The price values the supermarket chain at KES 30 billion. The sale could raise KES 15 billion, but none of it goes to Quickmart. The shareholder selling is Sokoni Retail Kenya Limited. The Capital Markets Authority has approved the offer, [...] The post Quickmart Prices Its NSE IPO at KES 7.50 appeared first on Khusoko - Your Gateway to East African Marke…

Quickmart Sets IPO Price at Sh7.50 Per Share, Valuing Chain at Sh30 Billion

Quickmart has priced its initial public offering at KES 7.50 per share, valuing the supermarket chain at KES 30 billion. The valuation represents 12.9 times projected FY2026 adjusted earnings. The IPO will offer 2 billion existing shares, equivalent to 50% of the company, raising KES 15 billion if fully subscribed. Quickmart itself will receive no [...]