Safaricom PLC did its IPO in 2008. The IPO was overwhelmingly oversubscribed, attracting more than 800,000 new investors who invested more than Sh 220 billion against the Sh50 billion the company was seeking through the offer. The Govt of Kenya offloaded 25% (10bn shares) of its shareholding in Safaricom worth at least Ksh 50bn.

Finance EA


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