Money Markets

NSE set to sell shares to public on July 24

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The NSE board said that the IPO will open on July 24 and will run up to August 12. Photo/FILE

The NSE board said that the IPO will open on July 24 and will run up to August 12. Photo/FILE 

By BD Reporter

Posted  Tuesday, July 8   2014 at  14:31

The initial public offering drought that has run more than two years at the Nairobi Securities Exchange will end later this month when the NSE self-lists.

The NSE board said that the IPO will open on July 24 and will run up to August 12.

“This follows the June 27, 2014 approval by the CMA of the application of the Company to offer its shares to the public through an IPO and subsequently self-list its shares on the Main Investment Market Segment (MIMS) of the NSE,” said the NSE in a statement.

The NSE will join the Johannesburg Stock Exchange as the other exchange in Africa that has self-listed.