Nairobi Securities Exchange kicks off sale of shares to the public

Nairobi, Kenya:  The Nairobi Securities Exchange kicked off the sale of its shares to the public through an initial public offering (IPO). For the first time in the history of the NSE, ownership of the NSE will be open to Kenyans from all walks of life.

The Exchange, which was previously owned and run by its 22 trading participants, is selling 66 million new shares worth Sh9.50 each to the public. 63.5 million shares on offer are reserved for the public. In this tranche, the minimum subscription is 500 shares for Sh4,750. One can apply to buy additional shares in multiples of 100.