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Quickmart IPO oversubscribed by Sh3.4bn on foreign investor support

Quickmart PLc founders Duncan Kinuthia and his mother Zipporah Kinuthia with Nairobi Securities Exchange CEO Frank Mwiti during the launch of the Quickmart Initial Public Offering on October 6, 2026.

Photo credit: Francis Nderitu | Nation Media Group

By  George Ngigi

Correspondent

Nation Media Group

Quickmart’s initial public offering (IPO) has been oversubscribed by Sh3.4 billion, after it received Sh18.4 billion against a targeted Sh15 billion.

This marked a subscription of 122.7 percent, with Quickmart having targeted to raise Sh15 billion from the sale of two billion shares at Sh7.50 each.

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