Firms to pay a maximum of Sh30m to list on Nairobi Securities Exchange
The Treasury has capped the approval fee payable by initial public offering (IPO) firms and corporate bonds at Sh30 million to encourage listing of more securities.
1M | 3M | YTD | 1Y | 2Y |
+5.47% | +14.17% | +15.73% | -1.89% | -32.20% |
Value Traded (Mln KES) 351.79 |
Volume 18,694,000 |
Transactions - |
Market Cap. (Bln KES) 1,577.18 |
The Treasury has capped the approval fee payable by initial public offering (IPO) firms and corporate bonds at Sh30 million to encourage listing of more securities.
Shoe and leather accessories vendor Nairobi Business Ventures (NBV) is expected to become the first listing in 15 months if it is admitted by the end of this month.
Retail chain Uchumi Supermarkets has closed operations in five outlets within Kenya as part of its reorganisation process that will see about 253 workers lose their jobs.
The Treasury has capped approval fees payable by issuers of initial public offers (IPOs) and corporate bonds at Sh30 million, in a move aimed at encouraging more large companies to list securities on the stock exchange.