Safaricom IPO oversubscribed by 236 billion

Posted on May 30, 2008 by kenyanobserver

After shares of the Safaricom IPO last month were were over-subscribed by 532 percent, Kenya’s Finance Minister, Amos Kimunya, has announced that the bulk of the money will be refunded.

He noted that a positive side to this was that it had opened up Kenya’s capital markets to the international financial community.

Full Story in the Standard


One Response

  1. Safaricom is a very good company and I would like to invest in it one day.

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