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Kenya's KPC IPO extended to Feb 24, 2026, to boost retail investor participation, aiming to raise $106B.
Kenya Pipeline Company’s IPO closing date has been extended to February 24, 2026, following feedback from retail investors during public forums.
The Capital Markets Authority approved the three-day delay to boost participation and promote inclusive access to the capital markets.
The IPO, offering 11.8 billion shares at Sh9 each, aims to raise Sh106 billion, with all terms unchanged.
Applications can be submitted via stockbrokers, investment banks, authorized agents, the KPC IPO portal, or a mobile short code.
Allocation results will be announced on March 4, shares credited to CDS accounts and refunds processed by March 6, with trading beginning on the Nairobi Securities Exchange on March 9.
The government retains a 35% stake, and the company will adopt CMA governance standards, including shareholder-led board appointments and 50% dividend payouts.
La salida a bolsa de KPC de Kenia se extendió hasta el 24 de febrero de 2026, para impulsar la participación de los inversores minoristas, con el objetivo de recaudar $ 106B.