KPC debuts on Nairobi exchange with 3.3% gain after oversubscribed IPO
Kenya Pipeline Company debuted on the Nairobi Securities Exchange at Ksh 9.30, up 3.3% from its IPO price, according to Financial Fortune Media. The company became the NSE's sixth largest firm following its listing, reports Business Daily. The IPO was oversubscribed, according to african markets, while Reuters noted a marginal gain in early trading. President Ruto presided over the trading launch ceremony, reports the-star.co.ke.
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