Kenya Pipeline beats Sh106b IPO target as investors scramble for shares

Treasury Cabinet Secretary John Mbadi during the release of the Kenya Pipeline Company Initial Public Offering results at Serena Hotel, Nairobi, on March 4, 2025. [Boniface Okendo, Standard]

The Kenya Pipeline Company (KPC) will soon be listed at the Nairobi Stocks Exchange (NSE) after a successful Initial Public Offering (IPO) where its shares were oversubscribed.

The company aimed to raise Sh106 billion through the sale of shares at Sh9 each.