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Quickmart IPO oversubscribed by 3.4 billion shillings

By , based on Business Daily

Quickmart IPO oversubscribed by 3.4 billion shillingsIllustrative image · Rafael Minguet Delgado · Pexels · Licence Pexels

Quickmart’s IPO exceeds the planned subscription by 3.4 billion Kenyan shillings, driven by foreign investor interest. The offer follows its launch on 6 October in Nairobi, according to Business Daily Africa.

Quickmart founders Duncan Kinuthia and his mother Zipporah Kinuthia launched the Kenyan retailer’s IPO on 6 October 2026, in the presence of Frank Mwiti, chief executive of the Nairobi Securities Exchange.

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