Kenya Pipeline Seeks 106.3 Billion in East Africa’s Largest IPO
Kenya has launched East Africa’s largest initial public offering (IPO), aiming to raise KES 106.3 billion ($825 million) by selling a 65% stake in Kenya Pipeline Company (KPC), while the government retains 35%. Shares are priced at nine shillings each, with trading set to begin on March 9. The IPO gives Kenyans and regional investors…