According to Tuko, Quickmart received 18,492 applications for its initial public offering, which was valued at KSh 15 billion.
The publication reports that the total value of applications reached KSh 18.4 billion, indicating demand beyond the offer size.
Tuko states that foreign investor interest increased during the offering period. The retailer is scheduled to list on the Nairobi Securities Exchange on 12 November, according to the report.
Source: Tuko