{"id":27708,"date":"2026-03-04T12:13:11","date_gmt":"2026-03-04T10:13:11","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=27708"},"modified":"2026-03-04T12:13:11","modified_gmt":"2026-03-04T10:13:11","slug":"kenya-pipeline-ipo-gets-105-7-subscription-finance-minister","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/kenya-pipeline-ipo-gets-105-7-subscription-finance-minister\/","title":{"rendered":"Kenya Pipeline IPO gets 105.7% subscription: Finance Minister"},"content":{"rendered":"<p>Kenya Pipeline Company&#8217;s Initial Public \u200cOffering (IPO) received a 105.7% subscription rate, Finance Minister John Mbadi said this Wednesday.<\/p>\n<p>Kenyan individual and \u200binstitutional investors will get 67.32% \u200bof offered shares from the sale, \u2060Mbadi said.<\/p>\n<p>The IPO had been \u200bshadowed by lower valuations by some banks, \u200ban extension of the offer period and reports in local media that investors were \u200bapathetic.<\/p>\n<p>The government offered a 65% stake \u200bin Kenya Pipeline Company, aiming to raise 106.3 \u200cbillion \u2060Shillings ($824.67 million) in the region&#8217;s first big deal since the sale of shares in telecoms operator Safaricom in \u200b2008, which \u200braised \u2060more cash in dollar terms.<\/p>\n<p>Mbadi said on Wednesday that \u200bthe government would only take \u200bwhat \u2060it had sought to raise.<\/p>\n<p>The shares listed in the IPO will start \u2060trading \u200bon the Nairobi bourse \u200bon March 9.<\/p>\n<p>\u2014Reuters\u2014<\/p>\n","protected":false},"featured_media":23611,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-27708","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Kenyan individual and \u200binstitutional investors will get 67.32% \u200bof offered shares from the sale, \u2060Mbadi said.","published_date":"","news_description":"Kenyan individual and \u200binstitutional investors will get 67.32% \u200bof offered shares from the sale, \u2060Mbadi said.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27708\/revisions"}],"predecessor-version":[{"id":27709,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27708\/revisions\/27709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/23611"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=27708"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=27708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}