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Quickmart investors gain Sh5.6bn on first day of trading
From left: Martha Osier-partner at Adenia, Ugas Mohammed- CMA chairman, SBG Securities CEO Gregory Waweru, Duncan Kinuthia-founder Quickmart, Lee Kinyanjui- CS Trade and Investments, NSE chairman Tom Mulwa, Quickmart CEO Peter Kang'iri and Quickmart chairman Jerome Loubere during the Quickmart listing at the NSE on November 12, 2026
Shareholders of retail chain Quickmart gained Sh5.6 billion in paper wealth on the first day of trading after listing at the Nairobi Securities Exchange (NSE) on Thursday, with the stock up 19 percent on its initial public offering (IPO) price.
The company made its trading debut at a price of Sh10 per share on Thursday morning, before settling lower to close trading at an average price of Sh8.90 a unit on 9.7 million shares traded. This resulted in a traded value of Sh86.2 million.
