Quickmart's
IPO raised KES 15 billion through an offer for sale of 2 billion shares at KES
7.50 each, drawing KES 18.41 billion in applications from 18,492 investors a
122.7% subscription rate.
Local
retail investors subscribed at 132.6% and received full allocations, with 68%
of Kenyan retail applications via the Ziidi Trader app averaging KES 13,700
each, welcoming many first-timers.
Foreign investors hit 298% subscription but got 49.5% of demand, while shares credit to accounts on November 11 and trade on the Nairobi Securities Exchange starting November 12. The strong turnout signals confidence in Quickmart's growth and boosts Kenya's listing market.