The government is targeting a record two million retail investors participating in the Kenya Pipeline Initial Public Offer (IPO), which seeks to raise Sh106.3 billion through floating 11.8 billion shares translating to a 65 percent stake divestiture.
If actualised, the Kenya Pipeline IPO will dwarf the 2008 Safaricom IPO where the retail investors segment registered the largest oversubscription attracting 840,000 individual investors who applied for 23 billion shares.
