British-American IPO closes on 5th August
The British-American IPO that kicked off on 12th July has witnessed large number of prospective shareholders flock brokers offices to purchase shares.Some brokers have increased their capacity to cope with the overwhelming demand.
To avoid last minute disappointments, prospective shareholders are advised to visit their brokers offices early before the deadline in order to buy the shares.
Should the BRITAK IPO issue be successful, trading at the
Nairobi Stock Exchange will commence on
2nd September.
The IPO seeks release over 650 Million shares with an aim of raising to raise 5.8 Billion Shillings that will be used to fund the firms ambitious growth strategy. Each share will be priced at Sh9 during the offer period that kicked off from 12th July.