Quickmart IPO price 7.2pc above fair value, Sterling Capital says

Sterling Capital has valued Kenyan retailer Quickmart at Sh6.96 per share ahead of its initial public offering, below the Sh7.50 offer price. The assessment gives prospective investors a benchmark for evaluating the share sale. For Kenyan and diaspora readers following local investment opportunities, it highlights the importance of weighing an offer price against an independent valuation.

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