Out of the 27,500 successful investors, 26,000 are retail shareholders. However, the management is happy and terms it a “sensible and manageable register.”
The company had offered 80 million shares at a price of 10 shillings per share. The IPO subscription rate was 363 per cent, raising Ksh2.9 billion ($41.4 million), far above the targeted Ksh800 million ($11.4 million).
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