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Home Afrika share valuation dims IPO plans

NSE chairman Eddy Njoroge (from left), Vision 2030 Secretariat director-general Mugo Kibati and Home Afrika chairman Lee Karuri during the bell ringing ceremony, marking the company’s debut at the NSE on Monday. Photo/Salaton Njau

The valuation of Home Afrika stock could complicate the real estate developer’s plans for an IPO, analysts said, as they predicted a further drop in the firm’s share price.

Home Afrika revealed last week it has plans to sell shares through an initial public offering (IPO) “within the next one year.”

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