Nairobi Securities Exchange Valued at 1.84B Shillings ($21M) for IPO

Nairobi Securities Exchange (NSE)

Kenya’s stock exchange will be valued at 1.84 billion shillings ($21 million) after listing its shares in an initial public offering, Chief Executive Officer Peter Mwangi said.

The Nairobi Securities Exchange plans to offer 66 million shares at 9.50 shillings each for the IPO and list a total of 194 million on the bourse, he told reporters in the capital today. Listing will improve corporate governance, transparency and attract investors, Treasury Secretary Henry Rotich said at the function.

Read more: Nairobi Stock Exchange Valued at 1.84 Billion Shillings for IPO – Bloomberg.