Quickmart Sets IPO Price at Sh7.50 Per Share, Valuing Chain at Sh30 Billion
Quickmart has priced its initial public offering at KES 7.50 per share, valuing the supermarket chain at KES 30 billion. The valuation represents 12.9 times projected FY2026 adjusted earnings. The IPO will offer 2 billion existing shares, equivalent to 50% of the company, raising KES 15 billion if fully subscribed. Quickmart itself will receive no [...] The post Quickmart Sets IPO Price at Sh7.50…
Quickmart has announced it will price its IPO at KES 7.50 per share, valuing the supermarket chain at KES 30 billion. The offer, expected to run from October 5 to October 30, will allow 2 billion existing shares to be sold, representing 50% of the company and raising KES 15 billion if fully subscribed. IFC has conditionally committed KES 1.94 billion, or roughly 6.45% of the company, to become a cornerstone investor.
The IPO will give Kenyan retail investors, institutions, EAC investors, foreign investors, and IFC a share of the offering, with a minimum application of 500 shares.
Brief written by urgent.news from KahawaTungu's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
