Kenya Pipeline Company (KPC) Plc has opened trading at Sh9.30 per share, rising 3.3 percent from the Sh9 initial public offer price.
KPC began trading on Tuesday morning after the offer closed on February 24, 2026, with 105.7 percent subscription, raising Sh106.3 billion for the State.
The midstream oil company became the first initial public offering on the Nairobi Securities Exchange (NSE) in 11 years and the first State divestiture in nearly two decades since Safaricom in 2008.
KPC is the fifth-largest firm on the NSE by market capitalisation after Safaricom, Equity, KCB and EABL.
