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KPC now sixth largest NSE firm after listing
President William Ruto rings (centre) the bell to mark the start of share trading for the Kenya Pipeline Company IPO at the Nairobi Securities Exchange. With him is National Treasury Cabinet Secretary John Mbadi (right) and Energy Cabinet Secretary Opiyo Wandayi.
Kenya Pipeline Company Plc (KPC) is now the sixth largest firm at the Nairobi bourse after its share traded marginally higher on the firm’s stock market debut on Tuesday, giving options to investors keen on blue chip companies.
The stock closed trading on Tuesday at Sh9.18 a piece, compared to the initial public offering (IPO) price of Sh9 per share, valuing the firm at Sh166.8 billion.
