Kenya Pipeline IPO Oversubscribed as Investors Snap Up 12.4 Billion Shares
The Kenya Pipeline Company’s (KPC) debut on the stock market has attracted massive interest, with the National Treasury reporting that the offer was oversubscribed by 5.7%. Treasury CS John Mbadi shared the results on Wednesday, March 4, 2026, revealing that investors applied for more than 12.4 billion shares, even though only 11.8 billion were available. This surge in demand pushed the total subscription rate to 105.7%. “Having received full subscription of the offer shares signals a resounding vote of confidence in the government’s privatisation agenda,” Mbadi said. How the Shares Were Distributed The government has divided the shares among different
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