Kenya Pipeline shares rise slightly in Nairobi debut
Shares in Kenya Pipeline Company rose to 9.4 shillings today after a major IPO raised $823 million. The government will use proceeds to expand Nairobi airport.
Xurve View
Xurve View
Shares of the Kenya Pipeline Company edged upward during their initial trading session on the Nairobi Securities Exchange on Tuesday, following a landmark public offering. According to data from LSEG, the stock reached 9.4 shillings by 0715 GMT, a slight increase from the initial public offering price of 9 shillings. This listing represents the first major market debut in Kenya in nearly twenty years.
