Cornerstone Investors Take 48% Of Quickmart's KSh15bn IPO

Quickmart has increased the share of its KSh15 billion initial public offering reserved for cornerstone investors to 48%. The revision follows its acceptance of applications from MOBILIST, RWC Asset Management and 337 Frontier, joining IFC. Their participation highlights institutional interest in the Kenyan company’s offering, a notable development for readers following African businesses and investment markets.

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