The Treasury will create additional Kenya Pipeline Company (KPC) shares as it seeks to raise Sh100 billion through an initial public offering (IPO) and broaden ownership via affordable stocks.
It wants to borrow from the Safaricom script, whose IPO was priced at Sh5 per share after creation of new shares that saw the State offer 10 billion units for sale that attracted Sh236 billion worth of applications against a target of Sh50 billion.
