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Explainer: What Quickmart’s NSE listing means for investors and Kenya’s retail sector

Quickmart PLC has officially started trading on the Nairobi Securities Exchange (NSE), marking a major milestone for the supermarket chain following an oversubscribed initial public offering (IPO). The retailer attracted applications worth Ksh18.41 billion against a target of Ksh15 billion, representing an oversubscription of 22.7 per cent. More than 18,000 investors applied for shares offered […]

We haven't written up this one. People Daily Kenya has the full story — the link below goes straight to it.

Read the original at peopledaily.digital →

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