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Broker gets Sh1bn bonus for hitting KPC IPO target
Kenya Pipeline Company Managing Director Joe Sang (Centre), Faida Investment Bank Lead Transaction Advisor Dr Belgrad Kenne (left) and Public Investments and Portfolio Management Director General Lawrence Kibet during the Kpc initial public offering (IPO) media roundtable at Sarova Stanley Hotel, Nairobi on January 20, 2026.
Faida Investment Bank is set for a Sh1.16 billion fee windfall for successfully leading the Kenya Pipeline Company (KPC) initial public offering (IPO) to a full subscription, highlighting the lucrative returns for intermediaries who handle mega capital raising deals.
Faida, which was the lead transaction advisor for the Sh106.3 billion IPO, qualifies for a payout equivalent to one percent of the gross proceeds of the offer, which translates to Sh1.06 billion, after it was oversubscribed.
